Ukraine says Russia again blocking Black Sea grain export deal

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.

• Jul 17, 2023Black Sea grain deal expires after Russia quits | Reuters-8.6%
• Mar 17, 2023Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal-1.0%
• Apr 15, 2022Ukraine says grain on ships in blocked Black Sea ports may deteriorate | Reuters+2.1%
• Jun 22, 2023Ukraine 99.9% certain Russia will quit Black Sea grain deal in July, envoy says-8.7%
• Sep 15, 2023Why Is Russia Blocking Ukraine's Food Exports?-7.1%

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.

• Jul 17, 2023Black Sea grain deal expires after Russia quits | Reuters+2.4%
• Mar 17, 2023Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal-3.7%
• Apr 15, 2022Ukraine says grain on ships in blocked Black Sea ports may deteriorate | Reuters-0.7%
• Jun 22, 2023Ukraine 99.9% certain Russia will quit Black Sea grain deal in July, envoy says+7.6%
• Sep 15, 2023Why Is Russia Blocking Ukraine's Food Exports?+0.1%

Not enough comparable past events yet for a historical read.