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Turkish President Erdogan urged Russia and Ukraine to stop attacks on civilian ships in the Black Sea after meeting Zelenskyy in Istanbul. The two leaders agreed to work on a new grain corridor, and Ankara says its proposal to end the attacks has not been acted on by either side.
Attacks on commercial shipping raise freight and insurance costs and threaten Ukrainian grain and oilseed exports, which can tighten global feed grain supply and support prices. A functioning corridor would ease that pressure.
aljazeera.comAFP, ReutersOct 31, 2026After 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.
Not enough comparable past events yet for a historical read.
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.
