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UkrAgroConsult reports wheat prices surged after Russia suspended its role in the safe-passage deal and warned shipments were becoming riskier. The UN said ships would continue to depart Ukrainian ports under inspections, and the agreement's renewal deadline is November 19.
Heightened uncertainty over Ukrainian shipments and higher insurance costs support wheat and corn prices, though continued sailings limit the upside.
ukragroconsult.comOct 31, 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.
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.
