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Wheat futures were near multi-month lows as traders awaited Russia-Ukraine talks. The report provides no further detail on the talks or market movements.
Expectations around the talks can shift perceived risks to Black Sea grain flows, affecting wheat supply expectations and prices. The article does not specify the expected outcome.
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.