
Russian drone and missile strikes have hit Ukrainian Black Sea ports since Moscow withdrew from the grain deal. Russia is now also targeting Ukraine's Danube River ports, the main alternative export route.
Ukraine is struggling to keep its grain exports moving.
Repeated strikes on export infrastructure cut Ukraine's capacity to ship grain, tightening global wheat and corn supplies and supporting prices.
After 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.