# Oversold grains rebound with lack of Black Sea deal

> Wheat prices recovered after a drone strike on Russia's Baltic port of Ust-Luga, which handled 684,000 tonnes of grain last month, and after Abu Dhabi talks closed without a breakthrough beyond a prisoner exchange. Algeria bought about 700,000 tonnes of wheat, likely sourced from Argentina and the EU.

- Date: 2026-11-11 · published 2026-11-12T00:06:14.300Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/94305-oversold-grains-rebound-with-lack-of-black-sea-deal
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Risk premium is returning as Russian export logistics come under attack and a Black Sea deal looks unlikely, supporting wheat and corn prices. Algerian demand adds to the support.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-06-16 | [Explainer: What is Russia's problem with the Black Sea grain deal?](https://feedsoft.ai/events/14383-explainer-what-is-russia-s-problem-with-the-black-sea-grain-deal.md) | +3.5% | -0.1% |
| WHEAT | 2023-07-17 | [Black Sea grain deal expires after Russia quits \| Reuters](https://feedsoft.ai/events/7057-black-sea-grain-deal-expires-after-russia-quits-reuters.md) | +2.4% | +2.8% |
| WHEAT | 2022-10-29 | [U.N., Turkey, Ukraine press ahead with Black Sea grain deal despite Russian pullout \| Reuters](https://feedsoft.ai/events/14445-u-n-turkey-ukraine-press-ahead-with-black-sea-grain-deal-despite-russian.md) | -5.6% | +2.4% |
| WHEAT | 2023-07-17 | [Black Sea grain deal: What's next now that Russia has pulled out?](https://feedsoft.ai/events/35074-black-sea-grain-deal-what-s-next-now-that-russia-has-pulled-out.md) | +2.4% | +2.8% |
| WHEAT | 2023-04-25 | [Wheat: All Eyes Are On Extension Of The Black Sea Grain Deal - TalkMarkets](https://feedsoft.ai/events/10363-wheat-all-eyes-are-on-extension-of-the-black-sea-grain-deal-talkmarkets.md) | +0.0% | -3.1% |
| CORN | 2023-06-16 | [Explainer: What is Russia's problem with the Black Sea grain deal?](https://feedsoft.ai/events/14383-explainer-what-is-russia-s-problem-with-the-black-sea-grain-deal.md) | +2.2% | -5.1% |
| CORN | 2023-07-17 | [Black Sea grain deal expires after Russia quits \| Reuters](https://feedsoft.ai/events/7057-black-sea-grain-deal-expires-after-russia-quits-reuters.md) | -8.6% | -12.6% |
| CORN | 2022-10-29 | [U.N., Turkey, Ukraine press ahead with Black Sea grain deal despite Russian pullout \| Reuters](https://feedsoft.ai/events/14445-u-n-turkey-ukraine-press-ahead-with-black-sea-grain-deal-despite-russian.md) | -2.2% | -3.8% |

## Sources

- crmagri.com: https://crmagri.com/latest/oversold-grains-rebound-with-lack-of-black-sea-deal

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