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The UN and Turkey scrambled on Sunday to rescue the agreement allowing Ukraine to ship grain through the Black Sea, a day after Russia suspended it. The move threatens global food prices and puts pressure on Ukraine's allies.
If the deal collapses, Ukrainian wheat and corn exports would be cut, tightening global supply and supporting prices.
wsj.comJared Malsin, Alistair MacDonaldOct 30, 2022After 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.
