# Wheat futures jump, hitting record high in Sydney, after Russia exits Black Sea deal - Grain Price News

> Wheat futures jumped after Russia withdrew from the UN-brokered Black Sea grain deal, with Sydney wheat reaching a record high. Chicago soft red winter wheat rose about 6.8% and corn gained 1.8%.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/39157-wheat-futures-jump-hitting-record-high-in-sydney-after-russia-exits-black-sea
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Suspension of the Ukrainian export corridor raises fears of shipment halts, lifting wheat and corn values that feed buyers rely on for rations.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 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 | 2026-07-16 | [Russia and Ukraine strike vessels in Black Sea, wheat prices jump](https://feedsoft.ai/events/7279-russia-and-ukraine-strike-vessels-in-black-sea-wheat-prices-jump.md) | +3.9% | +0.1% |
| WHEAT | 2023-06-16 | [Explainer: What is Russia's problem with the Black Sea grain deal?](https://feedsoft.ai/events/14383-explainer-what-is-russia-s-problem-with-the-black-sea-grain-deal.md) | +3.5% | -0.1% |
| KWHEAT | 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) | +6.3% | -6.6% |
| 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 | 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) | -1.9% | -9.4% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/10/31/wheat-futures-jump-hitting-record-high-in-sydney-after-russia-exits-black-sea-deal/

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