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Wheat futures are trading at levels last seen in early 2023 as attacks on Black Sea ports, grain terminals and vessels disrupt regional exports. Russia and Ukraine together account for about 27% of global wheat exports, and the International Grains Council describes their exports as at a standstill.
Chicago wheat is up about 30% since early July.
With roughly a quarter of world wheat exports disrupted, the supply gap is large enough to lift global benchmark prices and pass through to feed and food costs. Prices remain below 2022 peaks, limiting the scale of the rally.
axios.comEmily Peck2026/09/03過去の強気な地政学イベント361件の後、小麦(SRW) は5営業日で中央値 +0.7% 動き（58% が上昇。中央50%は -1.4% から +3.7%）、20営業日では +1.3% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
