◂ Event Timeline

Sep 7, 2022GEOPOLITICSBlack Sea

Wheat Prices Surge as Putin Assails Ukraine Grain Deal

Wheat futures climbed as much as 6.9% after Vladimir Putin criticized the Black Sea grain deal with Ukraine. The article raises concern about sales from the Black Sea region.

The date is September 7, 2022.

WHY IT MATTERS

Doubts about the renewal of the Black Sea shipping arrangement threaten Ukrainian and Russian wheat exports, supporting global wheat prices.

AFFECTSWheat (SRW)▲

SOURCE
bloomberg.comMegan Durisin Albery, Kim ChipmanSep 7, 2022

Price reaction & history

Wheat (SRW)▲bullishSO FAR1d +0.6%5d +0.2%20d +6.6%

After 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.

Nov 22, 2023Wheat prices jump as Russia targets Ukrainian grain supplies-0.4%
Feb 23, 2022Winter Wheat Prices Touch 9-Year High on Russia, Ukraine Fears - Bloomberg+6.4%
Jan 8, 2026Ukraine Grain Exports Drop 16% in December as Russian Strikes Hit Ports - Bloomberg-0.2%
Oct 31, 2022Grain deal: Wheat and corn prices rise as Russia withdraws | CNN Business-5.6%
Jul 17, 2023Russia-Ukraine grain deal: What does it mean for global food prices+2.4%

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.

Wheat (SRW) WHEAT · GP ▸

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