# bne IntelliNews - The Black Sea war sends world wheat prices up

> The USDA's August report cut Russia's 2026/27 wheat export forecast to 46 million tonnes and Ukraine's to 13.5 million, citing Black Sea shipping disruption. Export quotes rose for every major exporter except Russia, where prices fell to $224 a tonne. EU wheat quotes jumped $25 to $262 a tonne, and the EU corn crop is heading for its smallest in nearly 20 years.

- Date: 2026-08-14 · published 2026-08-14T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/14096-bne-intellinews-the-black-sea-war-sends-world-wheat-prices-up
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A USDA cut to major exporter supplies combined with EU crop losses lifts world wheat and corn prices, while Russia's discount reflects logistics rather than surplus.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-02-24 | [Black Sea grain exports seen moderating global grain prices \| World Grain](https://feedsoft.ai/events/37370-black-sea-grain-exports-seen-moderating-global-grain-prices-world-grain.md) | -2.9% | -8.7% |
| WHEAT | 2017-07-03 | [World crop outlook breathes life into wheat prices - Grain Central](https://feedsoft.ai/events/6179-world-crop-outlook-breathes-life-into-wheat-prices-grain-central.md) | -0.1% | +1.9% |
| WHEAT | 2021-05-27 | [World Wheat Market Factors to Watch in the New U.S. Marketing Year](https://feedsoft.ai/events/47134-world-wheat-market-factors-to-watch-in-the-new-u-s-marketing-year.md) | -1.6% | -2.9% |
| WHEAT | 2022-05-12 | [Tightening US and World Wheat Supplies Send Wheat Futures Prices to Near Limit Gains](https://feedsoft.ai/events/41347-tightening-us-and-world-wheat-supplies-send-wheat-futures-prices-to-near-limit.md) | +5.9% | +0.7% |
| WHEAT | 2017-06-29 | [World Wheat Production to Decline in 2017/18 - U.S. Wheat Associates](https://feedsoft.ai/events/70449-world-wheat-production-to-decline-in-2017-18-u-s-wheat-associates.md) | +2.3% | -2.9% |
| CORN | 2023-02-24 | [Black Sea grain exports seen moderating global grain prices \| World Grain](https://feedsoft.ai/events/37370-black-sea-grain-exports-seen-moderating-global-grain-prices-world-grain.md) | -2.9% | -3.7% |
| CORN | 2022-04-08 | [Ukraine war drives international food prices to ‘new all-time high’ \| UN News](https://feedsoft.ai/events/14496-ukraine-war-drives-international-food-prices-to-new-all-time-high-un-news.md) | -0.7% | -6.4% |
| CORN | 2026-05-08 | [Global food prices up for third straight month \| World Grain](https://feedsoft.ai/events/10152-global-food-prices-up-for-third-straight-month-world-grain.md) | +1.3% | -3.8% |

## Sources

- intellinews.com: https://www.intellinews.com/the-black-sea-war-sends-world-wheat-prices-up-461199/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.