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Grain prices on both sides of the Atlantic continued to ease this week as traders awaited a possible resumption of Black Sea shipping following planned Russia-Ukraine talks. Chicago corn closed at $4.41 a bushel on Tuesday, down from $4.50 a week earlier, and wheat also fell over the week to $12.03.
Talks between Kyiv and Moscow are scheduled for November 10 and 11 in Abu Dhabi under US mediation.
Expectations of Black Sea corridor reopening and a larger Ukrainian corn harvest reduce the risk premium in grain prices, which points to lower corn and wheat prices if shipments resume.
lafranceagricole.frAFPNov 5, 2026After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% over 20.
After 80 past bearish geopolitics events, Wheat (SRW) moved a median -0.4% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and -0.5% 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.
