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Euronext September milling wheat rose 6.5% to €230.5 per tonne on Wednesday, the highest since June 2025, after attacks in the Black Sea region raised concerns about grain export routes. Russia has intensified attacks on Ukrainian Black Sea ports, and Ukraine's farmers' union says about a third of its port export capacity has been lost.
Loss of Ukrainian and Russian export capacity is expected to draw demand toward EU supplies, supporting European wheat prices.
investing.comJaiveer ShekhawatJul 15, 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.
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.
