Reuters: Ukraine, Russia almost reached Black Sea shipping agreement in March

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.

• Jun 1, 2023Ukraine says Russia again blocking Black Sea grain export deal | Reuters-3.6%
• Mar 1, 2022Concerns rise over Black Sea spring crops amid Russia-Ukraine war | Reuters+10.5%
• Apr 15, 2022Ukraine says grain on ships in blocked Black Sea ports may deteriorate | Reuters-0.7%
• Apr 26, 2023Ukrainian Navy Says Russia Refused To Allow Movement Of Four Ships In Black Sea Grain Deal-0.1%
• Oct 31, 2022U.N. Black Sea grain pact under threat as Russia quits | Reuters-5.6%

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.

• Jun 1, 2023Ukraine says Russia again blocking Black Sea grain export deal | Reuters-2.2%
• Mar 1, 2022Concerns rise over Black Sea spring crops amid Russia-Ukraine war | Reuters+4.7%
• Apr 15, 2022Ukraine says grain on ships in blocked Black Sea ports may deteriorate | Reuters+2.1%
• Apr 26, 2023Ukrainian Navy Says Russia Refused To Allow Movement Of Four Ships In Black Sea Grain Deal-2.1%
• Oct 31, 2022U.N. Black Sea grain pact under threat as Russia quits | Reuters-2.2%

Not enough comparable past events yet for a historical read.