# Rabobank commentary: Implications of Russia Ukraine conflict for Australian wheat

> Rabobank says the Russia-Ukraine conflict could halt Black Sea wheat exports, which account for 34% of global wheat trade, at least in the short term. It estimates global wheat prices could rise a further 5-10% in the very short term, and far more if conflict and sanctions persist into July.

- Date: 2022-02-25 · published 2022-02-25T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/42756-rabobank-commentary-implications-of-russia-ukraine-conflict-for-australian-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A halt in Black Sea wheat exports would sharply tighten global supply, supporting wheat and feed grain prices and increasing demand for Australian wheat.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-04-27 | [US wheat prices surge in wake of Russia-Ukraine conflict - High Plains Journal](https://feedsoft.ai/events/41903-us-wheat-prices-surge-in-wake-of-russia-ukraine-conflict-high-plains-journal.md) | -1.9% | +0.9% |
| WHEAT | 2022-03-03 | [Russia-Ukraine conflict highlights wheat supply vulnerability](https://feedsoft.ai/events/42306-russia-ukraine-conflict-highlights-wheat-supply-vulnerability.md) | +4.9% | +19.4% |
| WHEAT | 2023-02-10 | [U.S. Wheat Futures Jump on Ukraine, Russia Shipment Concerns](https://feedsoft.ai/events/37376-u-s-wheat-futures-jump-on-ukraine-russia-shipment-concerns.md) | -2.5% | -9.0% |
| WHEAT | 2022-02-24 | [AgriMarketing.com - Wheat Prices Soar Following Russia's Invasion Of Ukraine](https://feedsoft.ai/events/42753-agrimarketing-com-wheat-prices-soar-following-russia-s-invasion-of-ukraine.md) | +6.8% | +25.3% |
| WHEAT | 2022-02-26 | [Russia-Ukraine conflict could add pressure to Australia's 'skyrocketing' farm costs - ABC News](https://feedsoft.ai/events/43023-russia-ukraine-conflict-could-add-pressure-to-australia-s-skyrocketing-farm.md) | +12.1% | +26.0% |
| CORN | 2023-02-10 | [U.S. Wheat Futures Jump on Ukraine, Russia Shipment Concerns](https://feedsoft.ai/events/37376-u-s-wheat-futures-jump-on-ukraine-russia-shipment-concerns.md) | -0.6% | -6.0% |
| CORN | 2022-02-23 | [Impact of Russia-Ukraine on supply chains: food, metals, commodities](https://feedsoft.ai/events/42750-impact-of-russia-ukraine-on-supply-chains-food-metals-commodities.md) | +7.5% | +12.7% |
| CORN | 2022-01-21 | [How a Russian-Ukraine conflict might hit global markets](https://feedsoft.ai/events/14513-how-a-russian-ukraine-conflict-might-hit-global-markets.md) | +1.4% | +6.9% |

## Sources

- arr.news: https://arr.news/2022/02/25/rabobank-commentary-implications-of-russia-ukraine-conflict-for-australian-wheat/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.