The Black Sea Has Become the Fulcrum of Europe’s Security

After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.

• Apr 14, 2025Black Sea Significance to European Security | Royal United Services Institute+3.9%
• Aug 7, 2023End of the Black Sea Grain Initiative: Implications for sub-Saharan Africa | IFPRI+0.5%
• Aug 1, 2023Update from the Office of the UN Coordinator for the Black Sea Grain Initiative+0.4%
• May 13, 2026Black Sea maritime war: how Ukraine is transferring the costs of maritime insecurity to Russia+0.9%
• Aug 27, 2022Higher gas prices deepen Europe's fertiliser crunch, threaten food crisis | INTERNATIONAL ECONOMY NEWS - Business Standard+0.5%

After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.

• Aug 1, 2023Update from the Office of the UN Coordinator for the Black Sea Grain Initiative-2.3%
• Aug 27, 2022Higher gas prices deepen Europe's fertiliser crunch, threaten food crisis | INTERNATIONAL ECONOMY NEWS - Business Standard+0.5%
• Jul 1, 2023Operational update from the Office of the UN Coordinator for the Black sea Grain Initiative, 15 JULY 2023 | The United Nations Office at Geneva+1.4%
• Sep 11, 2026How Do the Latest Black Sea Attacks Affect Global Food Security?+2.5%
• Mar 10, 2022Grains edge higher as hopes for Black Sea ceasefire fade – The Seam+2.5%