CBOT commodity market: Wheat closes down 1.3% after Trump signals Russia-Ukraine peace deal

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.

• Nov 1, 2022Wheat futures tumble after Russia rejoins Black Sea grain corridor deal - Fastmarkets+7.3%
• Apr 17, 2023What are the deals on Ukraine, Russia grain exports? | Reuters+7.8%
• May 17, 2023What are the deals on Ukraine, Russia grain exports? | Reuters-1.4%
• Oct 29, 2026CBOT wheat falls to 3½-month low on peace hopes | Adalytica-0.4%
• Mar 17, 2022U.S. grains: May wheats limit-down as peace talks progress - Manitoba Co-operator+15.8%

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.

• Feb 25, 2022Farming News - Ag commodities trading sharply higher as Russia attacks Ukraine - ADM Wheat & OSR Market Update+6.6%
• Feb 24, 2022Commodity supplies at risk as Russia invades Ukraine | Reuters+6.5%
• Nov 1, 2022Wheat futures tumble after Russia rejoins Black Sea grain corridor deal - Fastmarkets+0.0%
• Jul 15, 2026CBOT wheat jumps 5% as Russia-Ukraine hostilities hit trade routes+3.2%
• Oct 31, 2022Wheat Surges as Russia Warns on Ship Safety After Ditching Deal 31.10.2022 - UkrAgroConsult-2.2%

After 72 past bullish geopolitics events, Soybeans moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and -1.0% over 20.

• Feb 28, 2022Impact Of Russia-Ukraine War On Amino Acid Market-reachever.com+5.4%
• Jul 17, 2023Russia-Ukraine grain deal: What does it mean for global food prices+0.4%
• Jul 20, 2023Grain prices rise after Russian pullout of Black Sea deal sparks food crisis fears | Commodities | The Guardian+3.7%
• Apr 5, 2022The Russia-Ukraine War’s Impact on Global Fertilizer Markets - Rabobank+3.3%
• Mar 21, 2022U.S. wheat, corn, soy rally on concerns about Ukraine-Russia fighting | Financial Post+2.5%