# Wheat Surges as Russia Warns on Ship Safety After Ditching Deal 31.10.2022 - UkrAgroConsult

> 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.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/39034-wheat-surges-as-russia-warns-on-ship-safety-after-ditching-deal-31-10-2022
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Heightened uncertainty over Ukrainian shipments and higher insurance costs support wheat and corn prices, though continued sailings limit the upside.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-29 | [Further escalation of the war on the part of the Russia increases wheat prices 29.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/39651-further-escalation-of-the-war-on-the-part-of-the-russia-increases-wheat-prices.md) | +0.7% | -10.7% |
| 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 | 2023-02-10 | [U.S. Wheat Futures Jump on Ukraine, Russia Shipment Concerns](https://feedsoft.ai/events/37376-u-s-wheat-futures-jump-on-ukraine-russia-shipment-concerns.md) | -2.5% | -9.0% |
| WHEAT | 2022-01-27 | [Russia-Ukraine rift risks 13pc of global grain exports 27.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/14518-russia-ukraine-rift-risks-13pc-of-global-grain-exports-27-01-2022-ukragroconsult.md) | -2.1% | +1.0% |
| WHEAT | 2022-06-09 | [Wheat futures surge after Russia strikes Ukrainian grain terminal - Fastmarkets](https://feedsoft.ai/events/40980-wheat-futures-surge-after-russia-strikes-ukrainian-grain-terminal-fastmarkets.md) | +1.2% | -8.1% |
| CORN | 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) | +10.4% | +14.4% |
| CORN | 2023-02-10 | [U.S. Wheat Futures Jump on Ukraine, Russia Shipment Concerns](https://feedsoft.ai/events/37376-u-s-wheat-futures-jump-on-ukraine-russia-shipment-concerns.md) | -0.6% | -6.0% |
| CORN | 2022-01-27 | [Russia-Ukraine rift risks 13pc of global grain exports 27.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/14518-russia-ukraine-rift-risks-13pc-of-global-grain-exports-27-01-2022-ukragroconsult.md) | +1.7% | +10.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/wheat-surges-as-russia-warns-on-ship-safety-after-ditching-deal/

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