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A UN-brokered deal allowing Ukrainian grain exports from Black Sea ports was extended for four months on November 17, 2022. Russia said its own demands on removing obstacles to grain and fertiliser exports were not yet fully addressed.
Continued corridor access keeps Ukrainian grain and oilseed supplies flowing, easing fears of a supply shortfall and pressuring wheat and corn prices lower. Unresolved Russian fertiliser demands leave some risk of renewed disruption.
reuters.comMichelle NicholsNov 17, 2022After 80 past bearish geopolitics events, Wheat (SRW) moved a median -0.4% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and -0.5% over 20.
After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% 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.
