# Grain Spreads: Three Country Meeting

> Chicago December wheat is trading below its major moving averages with no upside momentum despite oversold conditions. Russian officials confirmed they will join three-way peace talks with Ukraine and the US in Abu Dhabi on November 10-11, the same day as the WASDE release.

- Date: 2026-11-03 · published 2026-11-04T03:05:50.661Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/78963-grain-spreads-three-country-meeting
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Market expects possible resumption of Black Sea exports if talks progress, which would add supply and pressure wheat and corn prices. The analyst expects the talks to yield little, so the price reaction may be limited.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-03-02 | [Coronavirus weighs on global grain markets  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/12540-coronavirus-weighs-on-global-grain-markets-queensland-country-life-qld.md) | -0.1% | -4.3% |
| WHEAT | 2022-08-08 | [Russia, Ukraine agree to protect Ukraine grain shipping channel \| Reuters](https://feedsoft.ai/events/14461-russia-ukraine-agree-to-protect-ukraine-grain-shipping-channel-reuters.md) | +7.4% | -3.7% |
| WHEAT | 2022-11-22 | [Black Sea grain corridor lives on](https://feedsoft.ai/events/14443-black-sea-grain-corridor-lives-on.md) | -1.2% | -3.7% |
| WHEAT | 2026-08-18 | [Problems with Russian Black Sea exports are starting to pressure Central Asian grain markets](https://feedsoft.ai/events/17992-problems-with-russian-black-sea-exports-are-starting-to-pressure-central-asian.md) | +0.4% | +3.8% |
| WHEAT | 2022-08-04 | [TSG New Grain Corridors from Ukraine and Dry Bulk Flows](https://feedsoft.ai/events/40245-tsg-new-grain-corridors-from-ukraine-and-dry-bulk-flows.md) | +7.5% | -3.1% |
| CORN | 2020-03-02 | [Coronavirus weighs on global grain markets  \| Queensland Country Life \| QLD](https://feedsoft.ai/events/12540-coronavirus-weighs-on-global-grain-markets-queensland-country-life-qld.md) | +1.7% | -3.5% |
| CORN | 2022-03-29 | [Grains Remain Under Selling Pressure as Trading Closes](https://feedsoft.ai/events/7629-grains-remain-under-selling-pressure-as-trading-closes.md) | +2.7% | +4.0% |
| CORN | 2022-08-08 | [Russia, Ukraine agree to protect Ukraine grain shipping channel \| Reuters](https://feedsoft.ai/events/14461-russia-ukraine-agree-to-protect-ukraine-grain-shipping-channel-reuters.md) | +2.6% | +1.5% |

## Sources

- walshtrading.com: https://walshtrading.com/grain-spreads-three-country-meeting-planned/
- barchart.com: https://www.barchart.com/story/news/8631499/grain-spreads-three-country-meeting

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