External Affairs Minister S Jaishankar said India discussed with Russia, Ukraine and European countries the protection of seafarers, the restoration of grain exports from Russia and Ukraine, and energy infrastructure protection. The remarks followed the G20 foreign ministers' meeting in Atlanta.
Talks on restoring Black Sea grain exports could ease shipping risk and add supply, which would be bearish for wheat and corn prices if they lead to concrete reopening.
After 80 past bearish geopolitics events, Wheat (SRW) moved a median -0.4% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and -0.5% over 20.
After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.