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MarketsFarm analyst Bruce Burnett says the Russia-Ukraine conflict is unlike any previous war because both sides are major agricultural exporters. Ukraine's exports are about a third below normal, and markets swing sharply on peace-talk headlines.
Lost exports from Ukraine and Russia tighten global wheat and feed grain supplies, keeping prices volatile and supported for buyers.
manitobacooperator.caGord GilmourMar 24, 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.
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.
