# Wheat up 6% after Russia quits Black Sea pact; corn, soy firm | Reuters

> U.S. wheat futures jumped 6% to a two-week high on Monday, and corn rose 1.6%, after Russia withdrew from the Black Sea grain export agreement. Concerns grew over global grain supplies from Ukraine.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/39156-wheat-up-6-after-russia-quits-black-sea-pact-corn-soy-firm-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Oats](https://feedsoft.ai/c/OATS.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Losing the safe corridor for Ukrainian grain exports tightens global wheat and corn supply, pushing feed grain and wheat prices higher and raising costs for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-10-31 | [U.N. Black Sea grain pact under threat as Russia quits \| Reuters](https://feedsoft.ai/events/14444-u-n-black-sea-grain-pact-under-threat-as-russia-quits-reuters.md) | -5.6% | +2.4% |
| WHEAT | 2023-07-17 | [Black Sea grain deal expires after Russia quits \| Reuters](https://feedsoft.ai/events/7057-black-sea-grain-deal-expires-after-russia-quits-reuters.md) | +2.4% | +2.8% |
| WHEAT | 2026-09-01 | [GRAINS-Chicago wheat hits multi-year peak after Russia rejects Black Sea grain plan - NewsX](https://feedsoft.ai/events/12757-grains-chicago-wheat-hits-multi-year-peak-after-russia-rejects-black-sea-grain.md) | +0.8% | +0.1% |
| WHEAT | 2022-03-01 | [Concerns rise over Black Sea spring crops amid Russia-Ukraine war  \| Reuters](https://feedsoft.ai/events/14502-concerns-rise-over-black-sea-spring-crops-amid-russia-ukraine-war-reuters.md) | +10.5% | +22.7% |
| WHEAT | 2026-07-20 | [Wheat Climbs on Black Sea Risk, Soybeans Firm as China Returns](https://feedsoft.ai/events/9563-wheat-climbs-on-black-sea-risk-soybeans-firm-as-china-returns.md) | +3.1% | +0.5% |
| SOY | 2023-07-17 | [Black Sea grain deal expires after Russia quits \| Reuters](https://feedsoft.ai/events/7057-black-sea-grain-deal-expires-after-russia-quits-reuters.md) | +0.4% | -6.3% |
| SOY | 2026-07-20 | [Wheat Climbs on Black Sea Risk, Soybeans Firm as China Returns](https://feedsoft.ai/events/9563-wheat-climbs-on-black-sea-risk-soybeans-firm-as-china-returns.md) | +3.6% | -2.6% |
| SOY | 2022-09-28 | [Wheat up on war worries; corn, soy also firm despite recession fears \| Financial Post](https://feedsoft.ai/events/39646-wheat-up-on-war-worries-corn-soy-also-firm-despite-recession-fears-financial.md) | -1.7% | -1.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/wheat-climbs-more-than-5-russia-withdraws-black-sea-export-agreement-2022-10-31/

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