
Euronext wheat rose for a third straight session after a drone attack on the Russian Baltic port of Ust-Luga, a major grain export hub. Corn on MATIF gained slightly after a USDA November report cut the US corn yield more than analysts expected, and CBOT contracts rose about 3%.
Sunflower found support from lower global output, while rapeseed faces a record world crop.
Disruption at Russian ports and the smaller US corn crop support grain prices, but larger harvests and rising world stocks cap further gains. Feed buyers should expect firmer wheat and corn costs with limited upside.
After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.