# Black Sea corn, wheat prices soar up: Agritel — Latifundist.com

> Black Sea corn and wheat prices rose significantly on 31 October 2021, according to Agritel. Russia's agriculture ministry cut its 2021 grain crop forecast to 123 million tonnes from 127.4 million, with wheat at 75 to 75.5 million tonnes. Dry conditions in Ukraine and Russia have delayed winter plantings.

- Date: 2021-11-01 · published 2021-11-01T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14535-black-sea-corn-wheat-prices-soar-up-agritel-latifundist-com
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Dryness that delays winter sowing and cuts the crop forecast reduces expected Black Sea export supply, which supports wheat and corn prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-11-01 | 5 | +10.3% | 2.9 | Russia cut its grain crop forecast and dry weather delayed winter plantings in Russia and Ukraine, tightening Black Sea supply. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-05-31 | [Weather conditions drive up prices for wheat — Latifundist.com](https://feedsoft.ai/events/65073-weather-conditions-drive-up-prices-for-wheat-latifundist-com.md) | +0.2% | -2.0% |
| WHEAT | 2021-07-30 | [Wheat rose in Chicago, Black Sea origins caught up with bullish trend in Europe and North America — Latifundist.com](https://feedsoft.ai/events/46102-wheat-rose-in-chicago-black-sea-origins-caught-up-with-bullish-trend-in-europe.md) | +1.6% | +2.4% |
| WHEAT | 2019-05-21 | [Wet US conditions boost corn wheat prices \| Saxo](https://feedsoft.ai/events/5630-wet-us-conditions-boost-corn-wheat-prices-saxo.md) | -13.2% | -6.0% |
| WHEAT | 2025-03-18 | [CBOT wheat prices rise amid moisture shortage in the Black Sea region](https://feedsoft.ai/events/5627-cbot-wheat-prices-rise-amid-moisture-shortage-in-the-black-sea-region.md) | -1.0% | -2.0% |
| WHEAT | 2020-09-22 | [Drought hampering Black Sea crop sowing sparks light in wheat prices
 \| The Land \| NSW](https://feedsoft.ai/events/51175-drought-hampering-black-sea-crop-sowing-sparks-light-in-wheat-prices-the-land.md) | +5.6% | +10.6% |
| CORN | 2019-05-21 | [Wet US conditions boost corn wheat prices \| Saxo](https://feedsoft.ai/events/5630-wet-us-conditions-boost-corn-wheat-prices-saxo.md) | +2.4% | +10.9% |
| CORN | 2021-12-24 | [Corn futures in Chicago close to six-month high amid weather threats in South America — Latifundist.com](https://feedsoft.ai/events/43622-corn-futures-in-chicago-close-to-six-month-high-amid-weather-threats-in-south.md) | -1.3% | +3.3% |
| CORN | 2023-09-20 | [Corn prices extend rebound from near three-yr low; soy, wheat firm \| MarketScreener](https://feedsoft.ai/events/7183-corn-prices-extend-rebound-from-near-three-yr-low-soy-wheat-firm-marketscreener.md) | +0.2% | +0.9% |

## Sources

- latifundist.com: https://latifundist.com/en/novosti/57223-tseny-v-chernomorskom-regione-na-kukuruzu-i-pshenitsu-znachitelno-vyrosli--agritel

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.