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Russia and Ukraine are top exporters of wheat, corn, barley, rapeseed and sunflower products. Feed manufacturers report reduced ingredient availability, higher prices and uncertainty over new-crop supplies from the Black Sea.
Lost Black Sea export volumes tighten wheat, corn and barley supplies for feed use, supporting grain prices and raising feed costs.
hatcheryinternational.comBonnie WaycottJun 3, 2022After 361 past bullish geopolitics events, WHEAT 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.
