Loading…
A Russian strike destroyed warehouses at a major Ukrainian commodity terminal, which the government described as a grain terminal. Local media reported that the shelling hit a store of sunflower meal, and wheat prices rose more than 5% in the same session.
Lost storage and stock at a key Black Sea export point tightens wheat and sunflower meal supply and adds to war-driven price risk.
reuters.comPavel PolityukJun 7, 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.
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.
