# Ukraine and global agricultural markets two years later | IFPRI

> A two-year review finds that the Russian invasion of Ukraine continues to disrupt Ukrainian farm output, with occupied regions accounting for about a fifth of its wheat and sunflower seed. Global wheat, corn and soybean prices have fallen below pre-war levels as other exporters, including Russia, increased shipments.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: geopolitics · region Ukraine · magnitude low
- Page: https://feedsoft.ai/events/8027-ukraine-and-global-agricultural-markets-two-years-later-ifpri
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Ongoing disruption to Ukrainian supply is a structural risk, but expanded exports from other origins have offset it and kept prices subdued. Buyers should weigh the risk of renewed disruption against current ample supply.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-12-01 | [Keeping an eye on Argentina for direction — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/61634-keeping-an-eye-on-argentina-for-direction-this-week-in-the-grain-markets.md) | +0.9% | +1.8% |
| WHEAT | 2022-02-25 | [Canadian farmers face volatility as war in Ukraine creates swings in global market for grains, oilseeds \| Financial Post](https://feedsoft.ai/events/9677-canadian-farmers-face-volatility-as-war-in-ukraine-creates-swings-in-global.md) | +9.4% | +23.7% |
| WHEAT | 2024-02-29 | [Food as the “Silent Weapon”: Russia’s Gains and Ukraine’s Losses](https://feedsoft.ai/events/14324-food-as-the-silent-weapon-russia-s-gains-and-ukraine-s-losses.md) | +6.6% | +0.4% |
| WHEAT | 2025-12-24 | [Ukraine’s grain export landscape — Breakwave Advisors](https://feedsoft.ai/events/14152-ukraine-s-grain-export-landscape-breakwave-advisors.md) | -0.3% | -0.6% |
| WHEAT | 2023-03-13 | [Patchwork fixes to Ukraine grain shortfall leave world vulnerable a year into war](https://feedsoft.ai/events/36882-patchwork-fixes-to-ukraine-grain-shortfall-leave-world-vulnerable-a-year-into.md) | +0.2% | -7.0% |
| CORN | 2018-12-01 | [Keeping an eye on Argentina for direction — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/61634-keeping-an-eye-on-argentina-for-direction-this-week-in-the-grain-markets.md) | +6.8% | +8.4% |
| CORN | 2024-02-29 | [Food as the “Silent Weapon”: Russia’s Gains and Ukraine’s Losses](https://feedsoft.ai/events/14324-food-as-the-silent-weapon-russia-s-gains-and-ukraine-s-losses.md) | +3.7% | +3.8% |
| CORN | 2025-12-24 | [Ukraine’s grain export landscape — Breakwave Advisors](https://feedsoft.ai/events/14152-ukraine-s-grain-export-landscape-breakwave-advisors.md) | -1.0% | -3.4% |

## Sources

- ifpri.org: https://www.ifpri.org/blog/ukraine-and-global-agricultural-markets-two-years-later/

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