Loading…
Ukraine resumed long-range drone attacks on Russian refineries, including the Kstovo and Samara plants. Russia's October wheat exports are estimated at 3.0 Mt or less, and Black Sea shipments remain constrained.
Brent crude fell 8% on Middle East peace hopes, which weighed on rapeseed and soybeans.
Russia-Ukraine hostilities cut Black Sea grain flows and support wheat prices, while lower crude reduces biofuel-linked demand for oilseeds and meal.
crmagri.comMike VerdinNov 2, 2026After 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.
Not enough comparable past events yet for a historical read.
After 53 past bearish geopolitics events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -1.9% to +1.2%), and +1.0% 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.
