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Russian authorities issued permits for vessels to leave Temryuk and Kavkaz in the Sea of Azov for the first time since July 10, with at least one ship passing the Kerch Strait. Permits reportedly run only until November 15 and ships may be escorted by a Russian naval escort.
Limited resumption of Russian shipments from the Sea of Azov eases some export disruption, but the temporary nature and ongoing attacks keep supply risk elevated, leaving wheat prices with limited downside.
saratoga-foundation.orgNov 3, 2026After 137 past bearish logistics events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
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.
