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Ukraine launched a drone attack on the Russian port of Ust-Luga on the Gulf of Finland, an important Russian grain export terminal. The Leningrad regional governor confirmed fires at the port and said Russian air defences downed 150 drones, while the scale of damage remains unclear.
Wheat futures in Paris and Chicago rose the previous day as talks on a ceasefire continued without halting attacks.
Disruption at a major Russian export port tightens near-term Black Sea and Baltic wheat supply and supports wheat prices, while SovEcon's cut to Russian wheat export forecasts reinforces the tighter outlook.
pl.boerenbusiness.nlJurphaas LugtenburgNov 12, 2026After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
After 22 past bullish logistics events, Wheat (HRW) moved a median -1.2% over 5 sessions (45% higher; middle half -2.5% to +1.7%), and +3.9% 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.
