
European feed oat prices stayed flat while CBOT oat futures edged higher alongside a wheat rally driven by Black Sea tensions. Peace talks between Russia and Ukraine in Abu Dhabi ended without a breakthrough on shipping or security guarantees.
Black Sea shipping uncertainty supports global wheat benchmarks and may lift the broader cereals complex. Oat cash prices remain capped by ample local feed supplies and thin export demand.
After 96 past neutral events of any kind, Oats moved a median -0.1% over 5 sessions (48% higher; middle half -2.7% to +3.4%), and -1.2% over 20.
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.
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.