Loading…
Reuters reports that the Black Sea corridor, which allowed over 9 million tonnes of grain and oilseeds to leave Ukrainian ports, is in doubt. The corridor had helped steady grain markets after prices hit record levels.
Threats to Ukrainian shipments raise the risk of supply shortfalls for wheat, corn and sunflower-based products, which tends to lift global grain and oilseed prices.
reuters.comGus TrompizOct 30, 2022reuters.comGus TrompizOct 30, 2022After 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.
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.
Not enough comparable past events yet for a historical read.
After 110 past bullish geopolitics events, Soybean Oil moved a median +1.8% over 5 sessions (65% higher; middle half -0.7% to +3.6%), and -0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
