The price of wheat has jumped to its highest level since 2012 amid Russia's invasion of Ukraine

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.

• Feb 24, 2022AgriMarketing.com - Wheat Prices Soar Following Russia's Invasion Of Ukraine+6.8%
• Mar 11, 2022Overcoming the threats to global food systems from Russia's invasion of Ukraine | IFPRI-1.0%
• Jan 31, 2022Russia-Ukraine Tensions Drive Global Wheat Prices Higher-1.7%
• Mar 2, 2022Wheat Futures Price Soars to 14-Year High as Russia Invasion Chokes Trade - Bloomberg+6.9%
• Apr 27, 2022US wheat prices surge in wake of Russia-Ukraine conflict - High Plains Journal-1.9%

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.

• Mar 11, 2022Overcoming the threats to global food systems from Russia's invasion of Ukraine | IFPRI+2.7%
• Jan 31, 2022Russia-Ukraine Tensions Drive Global Wheat Prices Higher+0.6%
• Jul 16, 2026Russia and Ukraine strike vessels in Black Sea, wheat prices jump+3.1%
• Feb 23, 2022Winter Wheat Prices Touch 9-Year High on Russia, Ukraine Fears - Bloomberg+7.5%
• Feb 24, 2022Wheat, soybeans hit nine-year highs as Russia invades Ukraine+6.5%

After 72 past bullish geopolitics events, Soybeans moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and -1.0% over 20.

• Feb 24, 2022Wheat, soybeans hit nine-year highs as Russia invades Ukraine+0.1%
• Dec 22, 2025U.S. grains: Wheat leads grains higher with Russian strikes in focus - Grainews+0.0%
• Mar 21, 2022U.S. wheat, corn, soy rally on concerns about Ukraine-Russia fighting | Financial Post+2.5%
• Jul 17, 2023Russia-Ukraine grain deal: What does it mean for global food prices+0.4%
• Mar 4, 2022The price of soybean meal increased in Russia+1.2%