# Keeping an eye on Argentina for direction — This week in the grain markets - RealAgriculture

> Grain markets ended November mostly higher on hopes that the US-China trade war would end, with wheat gaining 10-20 cents in the week but losing at least a quarter for the month. Attention focused on the G20 meeting in Argentina and on Russia-Ukraine tensions affecting Azov Sea shipping, which carries about 6% of Ukraine's grain exports. Crop progress showed US winter wheat 55% good-to-excellent and 94% of corn and soybeans harvested.

- Date: 2018-12-01 · published 2018-12-01T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/61634-keeping-an-eye-on-argentina-for-direction-this-week-in-the-grain-markets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Azov Sea shipping risk and US-China trade hopes are the main price swing factors for wheat and feed grains, with trade headlines capable of moving soybeans and corn.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral
- KWHEAT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2018-11-30 | 1 | +4.4% | 3.0 | Hopes for a US-China trade truce at the G20 and Azov Sea shipping tensions lifted grain sentiment, plausibly adding to wheat's rally into the Nov 30 close, though it is dated after the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-02-26 | [Ukraine and global agricultural markets two years later \| IFPRI](https://feedsoft.ai/events/8027-ukraine-and-global-agricultural-markets-two-years-later-ifpri.md) | -4.4% | -4.2% |
| WHEAT | 2025-12-03 | [Grain Market Report 3rd December - Irish Farmers' Association](https://feedsoft.ai/events/12533-grain-market-report-3rd-december-irish-farmers-association.md) | -1.5% | -1.4% |
| WHEAT | 2025-04-08 | [Shipbrokers weigh the impact of a Black Sea peace deal on grain exports](https://feedsoft.ai/events/14212-shipbrokers-weigh-the-impact-of-a-black-sea-peace-deal-on-grain-exports.md) | +1.7% | +5.2% |
| WHEAT | 2025-04-03 | [Ceasefire or stalemate? Grain exports at risk in Black Sea deal - Food & Agribusiness](https://feedsoft.ai/events/14216-ceasefire-or-stalemate-grain-exports-at-risk-in-black-sea-deal-food-and.md) | -0.6% | +2.0% |
| WHEAT | 2022-02-25 | [Canadian farmers face volatility as war in Ukraine creates swings in global market for grains, oilseeds \| Financial Post](https://feedsoft.ai/events/9677-canadian-farmers-face-volatility-as-war-in-ukraine-creates-swings-in-global.md) | +9.4% | +23.7% |
| KWHEAT | 2022-11-18 | [Prairie cash wheat: Bids steady following Ukraine volatility - AgCanada](https://feedsoft.ai/events/38728-prairie-cash-wheat-bids-steady-following-ukraine-volatility-agcanada.md) | -1.7% | -10.0% |
| CORN | 2024-02-26 | [Ukraine and global agricultural markets two years later \| IFPRI](https://feedsoft.ai/events/8027-ukraine-and-global-agricultural-markets-two-years-later-ifpri.md) | +0.5% | +7.8% |
| CORN | 2026-03-10 | [Wheat Futures Tumble as Export Buyers Rocked by War in Iran -- Daily Grain Highlights \| MarketScreener Hong Kong](https://feedsoft.ai/events/20215-wheat-futures-tumble-as-export-buyers-rocked-by-war-in-iran-daily-grain.md) | +3.2% | +2.8% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2018/12/keeping-an-eye-on-argentina-for-direction-this-week-in-the-grain-markets/

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