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UK Prime Minister Keir Starmer said Russian strikes on Ukrainian Black Sea ports are delaying aid to Palestinians and blocking grain supplies to the global south. He accused Putin of gambling with global food security.
The statement came after a period of intensified attacks on port infrastructure.
Disruption to Black Sea port operations constrains grain flows to importers, supporting wheat and corn prices and raising shipping risk.
reuters.comOct 22, 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.
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.
