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The US said it reached a tentative agreement with Ukraine and Russia to halt fighting and ensure safe navigation in the Black Sea. The agreement was reached in separate talks with each side.
Details, including how and when it would be implemented, were not released.
A tentative ceasefire that secures Black Sea shipping could lower war-risk premiums and freight costs for wheat and corn exports. Because implementation details are unknown, the price impact is likely to be modest for now.
apnews.comSamya KullabMar 26, 2025After 80 past bearish geopolitics events, Wheat (SRW) moved a median -0.4% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
