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Kansas City March hard red winter wheat closed near $9.14 per bushel, up about 32 cents, and Minneapolis spring wheat rose to $10.01 after Russia's invasion of Ukraine. Analysts noted the Russia-Ukraine region supplies about 29% of global wheat exports.
Concern over disrupted Black Sea wheat exports is driving sharp gains in US wheat futures, raising feed grain costs for buyers.
agrimarketing.comFeb 24, 2022After 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.
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.
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.
