# Grains Markets Hit New Highs on Black Sea Attacks, Crude Oil Rally

> Russian and Ukrainian attacks on Black Sea shipping and ports pushed CBOT wheat to a two-year high of $7.11-1/4. Soybeans reached a two-year peak and corn hit its highest in over a year, alongside a rally in crude oil. Ukraine's president said Russia would step up attacks on vessels in the Black Sea.

- Date: 2026-07-24 · published 2026-07-24T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/18388-grains-markets-hit-new-highs-on-black-sea-attacks-crude-oil-rally
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The Black Sea supplies nearly one-third of global wheat exports, so export disruption tightens world wheat supply and lifts feed-grain costs. Continued threats to shipping keep upside risk in grains and feed ingredients.

## Read by commodity

- SOY: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-03 | [Black Sea attacks revive fears of grain market turmoil - The Daily](https://feedsoft.ai/events/68358-black-sea-attacks-revive-fears-of-grain-market-turmoil-the-daily.md) | +4.7% | +0.4% |
| WHEAT | 2026-07-16 | [Wheat markets respond to Sea of Azov attacks - Grainews](https://feedsoft.ai/events/5069-wheat-markets-respond-to-sea-of-azov-attacks-grainews.md) | +3.9% | +0.1% |
| WHEAT | 2025-12-02 | [Market Snapshot \| Black Sea tensions spur rally in grains - Pro Farmer](https://feedsoft.ai/events/11262-market-snapshot-black-sea-tensions-spur-rally-in-grains-pro-farmer.md) | -1.2% | -1.1% |
| WHEAT | 2022-01-25 | [Frost risk remains for Black Sea crops: Grain market daily \| AHDB](https://feedsoft.ai/events/43080-frost-risk-remains-for-black-sea-crops-grain-market-daily-ahdb.md) | -2.1% | -0.8% |
| WHEAT | 2026-10-01 | [Hunger on the Horizon: The New Black Sea Grain Crisis](https://feedsoft.ai/events/14088-hunger-on-the-horizon-the-new-black-sea-grain-crisis.md) | -2.9% | +0.5% |
| CORN | 2017-10-03 | [Black Sea attacks revive fears of grain market turmoil - The Daily](https://feedsoft.ai/events/68358-black-sea-attacks-revive-fears-of-grain-market-turmoil-the-daily.md) | -0.7% | -1.5% |
| CORN | 2025-12-02 | [Market Snapshot \| Black Sea tensions spur rally in grains - Pro Farmer](https://feedsoft.ai/events/11262-market-snapshot-black-sea-tensions-spur-rally-in-grains-pro-farmer.md) | +0.5% | +0.3% |
| CORN | 2026-10-01 | [Hunger on the Horizon: The New Black Sea Grain Crisis](https://feedsoft.ai/events/14088-hunger-on-the-horizon-the-new-black-sea-grain-crisis.md) | -1.2% | -6.7% |

## Sources

- gcaptain.com: https://gcaptain.com/grains-markets-hit-new-highs-on-black-sea-attacks-crude-oil-rally/

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