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Direct Russia-Ukraine talks were held on 10 and 11 November 2026 in Abu Dhabi under US mediation, the first in over eight months. Chicago wheat traded below $6 a bushel and Euronext wheat at €234.50 a tonne after dipping to €223, a low since July, while US corn was near $4.47 a bushel.
Hopes of reopening Black Sea shipping have pressured grain prices lower; if talks stall, renewed export disruption could quickly lift wheat and corn prices again.
lafranceagricole.frAFPNov 12, 2026After 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.
After 16 past bearish geopolitics events, Wheat (HRW) moved a median -3.0% over 5 sessions (13% higher; middle half -4.3% to -1.9%), and -0.5% over 20.
After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% 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.
