Black Sea Reopening Pressures Wheat and Soybean Oil
Published . Updated .
Months of restricted shipping have left traders watching closely for signs that Russian commodity exports are resuming.
Directly affected
- No company is named in this report.
Indirectly affected
- DBA Invesco DB Agriculture Fund-6.3% 30d
Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “wheat” (grains and farm goods) in this story.
- WEAT Teucrium Wheat Fund-4.3% 16d
Teucrium Wheat Fund: it follows farm commodity prices. Linked by “wheat” (grains and farm goods) in this story.
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “shipping” (container shipping) in this story.
- CF CF Industries Holdings+0.0% 30d
CF Industries Holdings (agricultural chemicals): crop traders and farm suppliers move with grain prices and trade. Linked by “wheat” (grains and farm goods) in this story.
- MOS The Mosaic-23.6% 30d
The Mosaic (agricultural chemicals): crop traders and farm suppliers move with grain prices and trade. Linked by “wheat” (grains and farm goods) in this story.
- ADM Archer-Daniels-Midland-11.2% 30d
Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “wheat” (grains and farm goods) in this story.
- DE Deere-0.9% 30d
Deere (farm machinery and equipment): crop traders and farm suppliers move with grain prices and trade. Linked by “wheat” (grains and farm goods) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DBANo price data for this ticker | — | — | — | — | — | — | — |
| WEATNo price data for this ticker | — | — | — | — | — | — | — |
| USONo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| CFNo price data for this ticker | — | — | — | — | — | — | — |
| MOSNo price data for this ticker | — | — | — | — | — | — | — |
| ADMNo price data for this ticker | — | — | — | — | — | — | — |
| DENo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Black Sea Reopening Pressures Wheat and Soybean Oil RFD-TV
Source: RFD-TV
Earlier energy stories for Invesco Db Agriculture Fund (DBA): 3 cases
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| Teucrium Commodity Trust (WEAT) | the next day | -1.93% | -1.93% | -1.93% | 3 |
| Teucrium Commodity Trust (WEAT) | three days later | -2.89% | -2.89% | -2.89% | 3 |
| United States Oil Fund (USO) | the next day | -3.69% | -3.69% | -3.69% | 3 |
| United States Oil Fund (USO) | three days later | -1.37% | -1.37% | -1.37% | 3 |
Black Sea on the map for this story
Geopolitics Alpha has 10 stories about Black Sea from the past 7 days and 50 stories from the past 30. That is about its usual pace over the past month. “Black Sea Reopening Pressures Wheat and Soybean Oil” is tagged to Black Sea.
Who gains and who loses around Invesco Db Agriculture Fund (DBA)
Companies mentioned with this story
- DBA Invesco Db Agriculture Fund
Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Black Sea Reopening Pressures Wheat and Soybean Oil.” Reason on file: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “wheat” (grains and farm goods) in this story
- WEAT Teucrium Commodity Trust
In “Black Sea Reopening Pressures Wheat and Soybean Oil,” Teucrium Commodity Trust (WEAT) is linked, with no stored direction, medium confidence. Reason on file: Teucrium Wheat Fund: it follows farm commodity prices. Linked by “wheat” (grains and farm goods) in this story
- USO United States Oil Fund
In “Black Sea Reopening Pressures Wheat and Soybean Oil,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Black Sea Reopening Pressures Wheat and Soybean Oil.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story
- CF CF Industries Holdings
CF Industries Holdings (CF) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Black Sea Reopening Pressures Wheat and Soybean Oil.” Reason on file: CF Industries Holdings (agricultural chemicals): crop traders and farm suppliers move with grain prices and trade. Linked by “wheat” (grains and farm goods) in this story
- MOS Mosaic
For “Black Sea Reopening Pressures Wheat and Soybean Oil,” Mosaic (MOS) is linked, with no stored direction, medium confidence. Reason on file: The Mosaic (agricultural chemicals): crop traders and farm suppliers move with grain prices and trade. Linked by “wheat” (grains and farm goods) in this story
- ADM Archer-Daniels-Midland
Archer-Daniels-Midland (ADM) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Black Sea Reopening Pressures Wheat and Soybean Oil.” Reason on file: Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “wheat” (grains and farm goods) in this story
- DE Deere
For “Black Sea Reopening Pressures Wheat and Soybean Oil,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): crop traders and farm suppliers move with grain prices and trade. Linked by “wheat” (grains and farm goods) in this story
How “Black Sea Reopening Pressures Wheat and Soybean Oil” reaches Invesco Db Agriculture Fund (DBA)
On 2 Nov 2026, “Black Sea Reopening Pressures Wheat and Soybean Oil” is the story that connects Invesco Db Agriculture Fund (DBA) to Black Sea.
For Invesco Db Agriculture Fund (DBA), the reason on file says Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “wheat” (grains and farm goods) in this story
Teucrium Commodity Trust (WEAT) is here too. Its reason reads: Teucrium Wheat Fund: it follows farm commodity prices. Linked by “wheat” (grains and farm goods) in this story
What this energy story puts on the calendar
DBA traded between 26.87 and 28.86 across 20 sessions. The latest close on file is 26.88. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. WEAT traded between 24.46 and 26.41 across 11 sessions. The latest close on file is 25.07.
What the saved facts support for Invesco Db Agriculture Fund (DBA)
46 out of 100
“Black Sea Reopening Pressures Wheat and Soybean Oil” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.