# Ukraine attacks revive wheat prices, but Middle East peace hopes depress rapeseed

> 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.

- Date: 2026-11-02 · published 2026-11-03T00:05:52.777Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/76368-ukraine-attacks-revive-wheat-prices-but-middle-east-peace-hopes-depress-rapeseed
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Russia-Ukraine hostilities cut Black Sea grain flows and support wheat prices, while lower crude reduces biofuel-linked demand for oilseeds and meal.

## Read by commodity

- SOY: bearish ▼
- WHEAT: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-30 | [Rabo ups wheat price forecasts amid Ukraine export fears, lifts robusta hopes too - Grain Price News](https://feedsoft.ai/events/39632-rabo-ups-wheat-price-forecasts-amid-ukraine-export-fears-lifts-robusta-hopes.md) | +0.4% | -10.7% |
| WHEAT | 2022-01-31 | [Russia-Ukraine Tensions Drive Global Wheat Prices Higher](https://feedsoft.ai/events/43173-russia-ukraine-tensions-drive-global-wheat-prices-higher.md) | -1.7% | +0.5% |
| WHEAT | 2022-07-25 | [Wheat prices rise as missile strike threatens Ukraine export pact](https://feedsoft.ai/events/40525-wheat-prices-rise-as-missile-strike-threatens-ukraine-export-pact.md) | -9.5% | -0.1% |
| WHEAT | 2023-04-27 | [Ukraine grain deal under threat: What does it mean for the Middle East and Africa? \| The National](https://feedsoft.ai/events/36308-ukraine-grain-deal-under-threat-what-does-it-mean-for-the-middle-east-and.md) | +1.1% | -2.6% |
| WHEAT | 2026-07-16 | [Russia and Ukraine strike vessels in Black Sea, wheat prices jump](https://feedsoft.ai/events/7279-russia-and-ukraine-strike-vessels-in-black-sea-wheat-prices-jump.md) | +3.9% | +0.1% |
| SOY | 2022-03-17 | [U.S. grains: May wheats limit-down as peace talks progress - Manitoba Co-operator](https://feedsoft.ai/events/9944-u-s-grains-may-wheats-limit-down-as-peace-talks-progress-manitoba-co-operator.md) | +4.2% | +1.6% |
| SOY | 2026-06-16 | [Corn, Wheat And Soy All See Prices Drop On Prospect Of US-Iran Deal \| ESM Magazine](https://feedsoft.ai/events/18835-corn-wheat-and-soy-all-see-prices-drop-on-prospect-of-us-iran-deal-esm-magazine.md) | -0.2% | +7.4% |
| SOY | 2023-05-03 | [GRAINS-Wheat rallies as tensions rise between Russia, Ukraine \| Kitco News](https://feedsoft.ai/events/7381-grains-wheat-rallies-as-tensions-rise-between-russia-ukraine-kitco-news.md) | +0.9% | -9.7% |

## Sources

- crmagri.com: https://crmagri.com/latest/ukraine-attacks-revive-wheat-prices-but-middle-east-peace-hopes-depress-rapeseed

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