Turkey Highlights Urgent Need to Resolve Ukraine Conflict to Stabilize Global Food Security

After 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.

• Mar 3, 2022Russia-Ukraine conflict highlights wheat supply vulnerability+4.9%
• Apr 6, 2022The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity | USDA Foreign Agricultural Service-2.3%
• Jan 21, 2022How a Russian-Ukraine conflict might hit global markets+0.5%
• May 25, 2022War in Ukraine to take large volumes of Black Sea wheat and corn off market in both current and next seasons – S&P Global Commodity Insights-1.3%
• Mar 27, 2023Regional war, global consequences: Mounting damages to Ukraine’s agriculture and growing challenges for global food security | IFPRI+10.6%

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.

• Apr 6, 2022The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity | USDA Foreign Agricultural Service-1.9%
• Jan 21, 2022How a Russian-Ukraine conflict might hit global markets+1.4%
• May 25, 2022War in Ukraine to take large volumes of Black Sea wheat and corn off market in both current and next seasons – S&P Global Commodity Insights-2.8%
• Mar 27, 2023Regional war, global consequences: Mounting damages to Ukraine’s agriculture and growing challenges for global food security | IFPRI+1.6%
• Aug 20, 2026FACTBOX: Black Sea grain trade strained by escalating Russia-Ukraine conflict | S&P Global+5.4%

Not enough comparable past events yet for a historical read.