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Damaging Midwest winds caused accidents and fatalities in Kansas, and about 100,000 Russian troops massed near the Ukraine border. US and NATO officials called the buildup unusual, and Ukraine warned of a possible invasion.
Military escalation near Ukraine raises risk to Black Sea wheat and corn exports, which can lift world grain prices. Wind damage to freshly planted fields is a secondary concern for local operations.
gccoop.comDec 16, 2021After 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.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.
