Wheat markets respond to Sea of Azov attacks

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.

• Oct 3, 2017Black Sea attacks revive fears of grain market turmoil - The Daily+4.7%
• Jul 24, 2026Grains Markets Hit New Highs on Black Sea Attacks, Crude Oil Rally-2.2%
• Jul 16, 2026Wheat Soars as Black Sea Conflict Reshapes the Grain Markets | Agriculture of America+3.9%
• Jul 22, 2026Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder-1.8%
• Nov 27, 2024How much Black Sea wheat is at risk of disruption? Grain market daily | AHDB-0.1%

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.

• Jul 22, 2026Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder-0.9%
• Nov 27, 2024How much Black Sea wheat is at risk of disruption? Grain market daily | AHDB-4.1%
• Apr 25, 2023Wheat: All Eyes Are On Extension Of The Black Sea Grain Deal - TalkMarkets-5.4%
• Jul 22, 2026Grain Markets Explode to Fresh Highs on War, Weather with Wheat Leading - AgWeb-0.9%
• Jul 31, 2026Wheat Futures Rally on Black Sea Escalation as Market Tests Key Resistance-4.2%