Loading…
Ukraine's presidential adviser says the war has cut available farmland through occupation, mines and frontline proximity, and that Odesa port shipments must use limited sea routes because of Russian naval and missile threats. He says 2023 exports nearly matched pre-war levels.
Persistent security risks to Black Sea shipping and reduced farmland cap Ukrainian grain supply, which keeps a risk premium in wheat and corn prices.
spglobal.comMar 28, 2024After 361 past bullish geopolitics events, WHEAT 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.
