Increasing Black Sea exports are influencing price

After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.

• Jul 16, 2025Black Sea Exports – News – SSY+1.6%
• Feb 2, 2021Record wheat exports from Russia increases pressure on prices+0.3%
• Jun 16, 2021Black Sea Wheat Exports To Grow 5% In 2021/22 | ESM Magazine-8.0%
• Sep 23, 2025Russia’s wheat exports from Black Sea ports fall to 460kt-0.2%
• Mar 11, 2024Black Sea grain exports beating early market ideas by substantial degree-7.3%

After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.

• Mar 3, 2020Black Sea region increased its share of the global grain market — S&P Global Platts+1.3%
• Jun 7, 2024Rising SA barley prices, strong exports to China | Stock Journal | SA+5.6%
• Jul 20, 2023Significance of Black Sea ports for Russian commodities exports | Reuters+9.4%
• Jan 10, 2024Ukraine's Dec Black Sea food exports top U.N.-brokered deal at its peak -brokers | Reuters-1.1%
• Dec 9, 2019The slow pace of exports lower corn prices-2.5%