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Russian missiles hit a civilian container ship at a port in Ukraine's Odesa region, killing eight people according to local officials. It was the third attack on a civilian vessel in four days, and Russia targeted port infrastructure during a week of strikes on Black Sea ports.
Repeated strikes on Black Sea ports raise shipping risk and war-risk insurance costs, which can disrupt grain export flows and support wheat and corn prices.
bbc.comSarah RainsfordOct 10, 2024After 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.
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.
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.
