# Rollercoaster week for wheat. What happens next? - ABC News

> Chicago wheat jumped about 70 cents early in the week after Russia reportedly quit the UN-brokered Black Sea grain deal. Prices fell back to their starting level after Russia said it would rejoin, and the original deal was set to expire.

- Date: 2022-11-05 · published 2022-11-05T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/7287-rollercoaster-week-for-wheat-what-happens-next-abc-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Headline-driven swings show how sensitive wheat is to Black Sea shipping risk, and the deal's expiry leaves future export flows uncertain.

## Read by commodity

- WHEAT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-11-07 | 1 | +11.1% | 4.3 | Describes the week's Black Sea deal whipsaw, with wheat jumping about 70 cents on Russia's exit and then reversing, which is the volatility that surrounds the 11/7 move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-04-17 | [Russian wheat exports through Caspian Sea resume after long hiatus](https://feedsoft.ai/events/14121-russian-wheat-exports-through-caspian-sea-resume-after-long-hiatus.md) | -0.7% | -0.2% |
| WHEAT | 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) | +0.8% | -0.4% |
| WHEAT | 2017-11-26 | [First food aid in weeks docks at rebel-held Yemen port \| Malay Mail](https://feedsoft.ai/events/67884-first-food-aid-in-weeks-docks-at-rebel-held-yemen-port-malay-mail.md) | +0.4% | +0.6% |
| WHEAT | 2022-04-04 | [Prospects for Australian Wheat Exports Amid the Ukraine-Russia Conflict —Australian Institute of International Affairs](https://feedsoft.ai/events/41820-prospects-for-australian-wheat-exports-amid-the-ukraine-russia-conflict.md) | -7.3% | -4.2% |
| WHEAT | 2018-12-01 | [Keeping an eye on Argentina for direction — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/61634-keeping-an-eye-on-argentina-for-direction-this-week-in-the-grain-markets.md) | +0.9% | +1.8% |

## Sources

- abc.net.au: https://www.abc.net.au/news/2022-11-05/wheat-futures-cbot-ukraine-russia-un-black-sea-grain-corridor/101618740

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