Loading…
Grain futures rose on April 4 as the war in Ukraine dragged on, with Chicago wheat up 18-22 cents and corn up 7-13 cents. Ukrainian grain is moving by rail, but a backlog of two to three weeks has formed and analysts expect only about 1 million tonnes to ship before the marketing year ends.
Russia's blockade of Black Sea terminals continues.
Constrained Ukrainian export logistics tighten global wheat and corn supplies, supporting prices for feed grains.
theseam.comApr 4, 2022After 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.
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.
After 72 past bullish geopolitics events, Soybeans moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and -1.0% over 20.
After 94 past bullish geopolitics events, Wheat (HRW) moved a median +0.1% over 5 sessions (50% higher; middle half -2.7% to +5.8%), and +0.1% over 20.
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.
