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Wheat prices rose for a third straight day after an attack on a Russian port highlighted supply risk in the Black Sea region. Russian and Ukrainian Black Sea grain exports have been heavily disrupted by attacks on ports and shipping.
Attacks that disrupt Black Sea port logistics tighten the global wheat export supply, which supports wheat prices and raises costs for feed buyers who rely on wheat and wheat-based feed ingredients.
marketscreener.comReutersNov 12, 2026After 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.
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.
