# Black Sea market hits 3-month high amid bad weather, logistics challenges | S&P Global

> Platts assessed the Black Sea Milling Wheat Marker at $230.75/mt on Feb. 3, its highest since Nov. 18, as extreme cold in Russian winter wheat regions and vessel loading delays of seven to 15 days tightened supply. Russian farmers were reluctant to sell amid weak cash flow and the strong ruble pushed exporters to cut local purchase prices.

- Date: 2026-02-04 · published 2026-02-04T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14136-black-sea-market-hits-3-month-high-amid-bad-weather-logistics-challenges-s-and
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Cold-weather crop risk and port delays reduce near-term availability, supporting Black Sea wheat export prices and pulling buyers toward alternative origins.

## Read by commodity

- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +2.2% | +13.7% |
| WHEAT | 2024-05-22 | [Black Sea, Canadian wheat prices surge on weather, crop fears \| S&P Global](https://feedsoft.ai/events/30289-black-sea-canadian-wheat-prices-surge-on-weather-crop-fears-s-and-p-global.md) | -7.4% | -10.9% |
| WHEAT | 2024-09-18 | [Black Sea, EU Wheat Facing Weather Challenges \| Farm Policy News \| Illinois](https://feedsoft.ai/events/28265-black-sea-eu-wheat-facing-weather-challenges-farm-policy-news-illinois.md) | +11.0% | +5.4% |
| WHEAT | 2021-07-30 | [Adverse global weather creates potent bull market for wheat](https://feedsoft.ai/events/46137-adverse-global-weather-creates-potent-bull-market-for-wheat.md) | +1.6% | +2.4% |
| WHEAT | 2020-04-04 | [Wheat Market Stabilizes, as the Black Sea Weather Remains Dry](https://feedsoft.ai/events/53686-wheat-market-stabilizes-as-the-black-sea-weather-remains-dry.md) | +2.3% | +1.8% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/020426-black-sea-market-hits-3-month-high-amid-bad-weather-logistics-challenges

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