Wheat rebounds on Black Sea supply worries; corn, soybeans rise 1% - Markets

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.

• May 4, 2023Wheat climbs to one-week high on Black Sea supply concerns - Markets - Business Recorder-1.4%
• Nov 22, 2023Wheat jumps 1% to near 2-week high on Black Sea supply concerns - Markets - Business Recorder-0.4%
• Nov 1, 2022Palm oil surges nearly 5% on worries over Black Sea supplies - Markets - Business Recorder+7.3%
• Aug 31, 2026Russian wheat export prices climb as Black Sea supplies shrink - Markets - Business Recorder+2.2%
• Jul 22, 2026Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder-1.8%

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.

• Jul 22, 2026Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder+0.7%
• Feb 28, 2022Wheat Continues Surge on Black Sea Supply Concerns as Ukraine-Russia Crisis Continues+10.4%
• Jul 24, 2023Palm oil up over news on Ukraine port attack - Markets - Business Recorder+9.3%
• Feb 28, 2022Wheat jumps most in a decade; corn, soybeans firm on supply woes | Financial Post+10.4%
• Jul 15, 2026Wheat Skyrockets as Black Sea Exports Threatened, Pulling up Corn and Soybeans - AgWeb+3.2%

After 72 past bullish geopolitics events, Soybeans moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and -1.0% over 20.

• Jul 22, 2026Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder-0.6%
• Jul 20, 2026Wheat Climbs on Black Sea Risk, Soybeans Firm as China Returns+3.6%
• Feb 28, 2022Wheat Continues Surge on Black Sea Supply Concerns as Ukraine-Russia Crisis Continues+5.4%
• Feb 28, 2022Wheat jumps most in a decade; corn, soybeans firm on supply woes | Financial Post+5.4%
• Jul 15, 2026Wheat Skyrockets as Black Sea Exports Threatened, Pulling up Corn and Soybeans - AgWeb+1.0%