# U.S. Wheat Futures Jump on Ukraine, Russia Shipment Concerns

> U.S. wheat futures rallied on Friday, with the most-active CBOT soft red winter contract posting its biggest daily gain since October 31 on concerns that Russia-Ukraine escalations could disrupt Black Sea shipments. K.C. hard red winter futures rose five weeks in a row. Ukraine proposed raising the minimum ship tonnage for its grain corridor, while Russia said it had not been able to export grain under the Black Sea deal.

- Date: 2023-02-10 · published 2023-02-10T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/37376-u-s-wheat-futures-jump-on-ukraine-russia-shipment-concerns
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Renewed threats to Black Sea shipments tighten global wheat supply expectations and lift feed-grain sentiment, supporting prices for wheat and corn used in feed rations.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-21 | [U.S. wheat, corn, soy rally on concerns about Ukraine-Russia fighting \| Financial Post](https://feedsoft.ai/events/6241-u-s-wheat-corn-soy-rally-on-concerns-about-ukraine-russia-fighting-financial.md) | +15.8% | +5.9% |
| WHEAT | 2022-02-28 | [Wheat Continues Surge on Black Sea Supply Concerns as Ukraine-Russia Crisis Continues](https://feedsoft.ai/events/42754-wheat-continues-surge-on-black-sea-supply-concerns-as-ukraine-russia-crisis.md) | +12.1% | +26.0% |
| WHEAT | 2023-07-19 | [Wheat Futures Rise 9% as Russia Threatens Ships Headed to Ukraine - Bloomberg](https://feedsoft.ai/events/35084-wheat-futures-rise-9-as-russia-threatens-ships-headed-to-ukraine-bloomberg.md) | +1.6% | +0.1% |
| WHEAT | 2022-10-31 | [Wheat futures jump as Russia pulls out of Black Sea agreement \| CBC News](https://feedsoft.ai/events/39158-wheat-futures-jump-as-russia-pulls-out-of-black-sea-agreement-cbc-news.md) | -5.6% | +2.4% |
| WHEAT | 2022-03-02 | [Wheat Prices Shoot to 14-Year High on Concerns over Conflict Between Russia and Ukraine - AgWeb](https://feedsoft.ai/events/42324-wheat-prices-shoot-to-14-year-high-on-concerns-over-conflict-between-russia-and.md) | +6.9% | +20.3% |
| KWHEAT | 2023-07-19 | [Wheat Futures Rise 9% as Russia Threatens Ships Headed to Ukraine - Bloomberg](https://feedsoft.ai/events/35084-wheat-futures-rise-9-as-russia-threatens-ships-headed-to-ukraine-bloomberg.md) | +10.3% | -10.8% |
| KWHEAT | 2022-10-31 | [Wheat futures jump as Russia pulls out of Black Sea agreement \| CBC News](https://feedsoft.ai/events/39158-wheat-futures-jump-as-russia-pulls-out-of-black-sea-agreement-cbc-news.md) | +3.1% | -2.2% |
| KWHEAT | 2022-03-02 | [Wheat Prices Shoot to 14-Year High on Concerns over Conflict Between Russia and Ukraine - AgWeb](https://feedsoft.ai/events/42324-wheat-prices-shoot-to-14-year-high-on-concerns-over-conflict-between-russia-and.md) | +17.2% | +1.2% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/newswire/us-wheat-futures-jump-on-ukraine-russia-shipment-concerns

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