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Ukraine's naval spokesperson Dmytro Pletenchuk said Russia is trying to reroute grain and metal exports through the Baltic Sea after obstruction of Black Sea shipping. He said Russia suspended operations at its Black and Azov Sea ports on 10 July 2026 and has begun using the Ochamchira port in Abkhazia.
Ukraine reported a strike on a Russian vessel carrying cruise missiles in the Baltic on 11 November.
Rerouting Russian grain through the Baltic and Abkhazia adds cost and delay to exports that supply roughly a fifth of world wheat trade, tightening the global wheat balance and supporting wheat prices.
24brussels.onlineNov 14, 2026After 363 past bullish geopolitics events, Wheat (SRW) moved a median +0.6% 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.
