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RAND commentary argues navies of willing countries could escort grain ships out of blockaded Odesa-area ports. Ukrainian exports in May were more than 60 percent below the prior year, and about 22 million tons of grain could rot if not exported.
Putin has said Russia is ready to facilitate unhindered sea transit in coordination with Turkey.
A naval escort mission that restored exports would release large grain volumes, while continued blockade keeps supply tight and supports feed grain prices.
rand.orgBradley Martin, William CourtneyJun 15, 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.
Not enough comparable past events yet for a historical read.
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.
