Russia’s UN Grain Deal Boomerang: Implications for the Deal and Global Food Prices

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.

• Jul 17, 2023Russia-Ukraine grain deal: What does it mean for global food prices+2.4%
• Aug 7, 2023End of the Black Sea Grain Initiative: Implications for sub-Saharan Africa | IFPRI+0.5%
• Apr 21, 2023The Black Sea Grain Deal: Fragile Cooperation Between Ukraine and Russia | Lawfare-8.6%
• Jan 31, 2022Russia-Ukraine Tensions Drive Global Wheat Prices Higher-1.7%
• Jul 18, 2023Black Sea grain deal eased global food prices — now it's off and analysts are warning of a price 'roller-coaster' - ABC News+2.0%

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 17, 2023Russia-Ukraine grain deal: What does it mean for global food prices-8.6%
• Jan 31, 2022Russia-Ukraine Tensions Drive Global Wheat Prices Higher+0.6%
• Jul 18, 2023Black Sea grain deal eased global food prices — now it's off and analysts are warning of a price 'roller-coaster' - ABC News+18.0%
• Oct 31, 2022Grain deal: Wheat and corn prices rise as Russia withdraws | CNN Business-2.2%
• Apr 1, 2026The Iran war’s impacts on global fertilizer markets and food production-1.7%