# Wars plus weather scare put wheat on bullish track

> Winter wheat futures rose to three-year highs in late July as US-Iran and Russia-Ukraine hostilities escalated. Russia and Ukraine together supply about 27% of global wheat exports, and heat and dryness are threatening spring wheat in the northern plains.

- Date: 2026-07-30 · published 2026-07-30T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/18381-wars-plus-weather-scare-put-wheat-on-bullish-track
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Black Sea export disruption combined with spring wheat weather stress reduces global wheat availability, supporting higher prices into the new crop marketing year.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-07-24 | [Grain prices heat up on weather, war worries](https://feedsoft.ai/events/11939-grain-prices-heat-up-on-weather-war-worries.md) | -0.4% | -0.1% |
| WHEAT | 2026-09-01 | [Wheat at war \| The Star](https://feedsoft.ai/events/17431-wheat-at-war-the-star.md) | +1.0% | +2.6% |
| WHEAT | 2026-07-14 | [Wheat surges as war weather and short covering collide \| Saxo](https://feedsoft.ai/events/7272-wheat-surges-as-war-weather-and-short-covering-collide-saxo.md) | +4.5% | +1.1% |
| WHEAT | 2026-07-22 | [Grain Markets Explode to Fresh Highs on War, Weather with Wheat Leading - AgWeb](https://feedsoft.ai/events/9559-grain-markets-explode-to-fresh-highs-on-war-weather-with-wheat-leading-agweb.md) | -1.8% | +2.5% |
| WHEAT | 2019-12-31 | [The Black Sea May Be the Key to Higher Wheat Prices - ProAg](https://feedsoft.ai/events/55128-the-black-sea-may-be-the-key-to-higher-wheat-prices-proag.md) | +0.6% | -2.3% |
| CORN | 2023-07-24 | [Grain prices heat up on weather, war worries](https://feedsoft.ai/events/11939-grain-prices-heat-up-on-weather-war-worries.md) | +9.3% | -4.1% |
| CORN | 2026-07-14 | [Wheat surges as war weather and short covering collide \| Saxo](https://feedsoft.ai/events/7272-wheat-surges-as-war-weather-and-short-covering-collide-saxo.md) | +2.0% | -0.6% |
| CORN | 2026-07-22 | [Grain Markets Explode to Fresh Highs on War, Weather with Wheat Leading - AgWeb](https://feedsoft.ai/events/9559-grain-markets-explode-to-fresh-highs-on-war-weather-with-wheat-leading-agweb.md) | +0.7% | +0.1% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/double-dose-of-war-plus-weather-scare-puts-wheat-on-bullish-track

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