
Ukraine's government said Russia has destroyed almost 300,000 metric tons of grain since July through attacks on port facilities and ships. Russian forces have also hit six civilian ships and 150 port and grain facilities.
Physical destruction of grain and port infrastructure reduces available Ukrainian supply and raises risk premiums on shipping, supporting wheat and corn prices.
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.
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.