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Ukraine and Russia are described as major suppliers of wheat, barley and sunflower oil to Africa, the Middle East and parts of Asia. Ukraine is also a major corn exporter, and Russia a major fertilizer supplier.
The article's text is fragmentary and gives no new event.
Disruption to Ukrainian and Russian grain and fertilizer exports keeps global wheat, corn and fertilizer supply tight, which underpins feed grain prices.
apnews.comCourtney BonnellJul 15, 2023After 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.
