# After the Bell | July 24, 2023 - Pro Farmer

> December corn, wheat and soybeans closed sharply higher on July 24, 2023, as Russian attacks on Ukrainian grain facilities escalated. Cattle futures fell on profit taking after recent gains.

- Date: 2023-07-24 · published 2023-07-24T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/11935-after-the-bell-july-24-2023-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Supply risk from the Black Sea conflict lifts global grain and oilseed prices, raising feed input costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2023-07-24 | 1 | +6.0% | 3.1 | Russian attacks on Ukrainian grain and port facilities on July 24 lifted the whole grain and oilseed complex, adding risk-driven buying to soyoil. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-12-26 | [After the Bell \| December 26, 2023 - Pro Farmer](https://feedsoft.ai/events/11283-after-the-bell-december-26-2023-pro-farmer.md) | -0.9% | -3.8% |
| CORN | 2022-03-21 | [After the Bell \| March 21, 2022 - Pro Farmer](https://feedsoft.ai/events/6243-after-the-bell-march-21-2022-pro-farmer.md) | +1.5% | +11.2% |
| CORN | 2022-02-24 | [Afternoon Market Recap for February 24, 2022 – The Seam](https://feedsoft.ai/events/8526-afternoon-market-recap-for-february-24-2022-the-seam.md) | +6.5% | +12.3% |
| CORN | 2023-07-20 | [Grain Transportation Report, July 20, 2023](https://feedsoft.ai/events/16614-grain-transportation-report-july-20-2023.md) | +9.4% | -7.2% |
| CORN | 2023-07-28 | [Grain Market Report 28th July - Irish Farmers' Association](https://feedsoft.ai/events/12888-grain-market-report-28th-july-irish-farmers-association.md) | -13.3% | -14.1% |
| WHEAT | 2023-12-26 | [After the Bell \| December 26, 2023 - Pro Farmer](https://feedsoft.ai/events/11283-after-the-bell-december-26-2023-pro-farmer.md) | +3.2% | +0.5% |
| WHEAT | 2022-03-21 | [After the Bell \| March 21, 2022 - Pro Farmer](https://feedsoft.ai/events/6243-after-the-bell-march-21-2022-pro-farmer.md) | +15.8% | +5.9% |
| WHEAT | 2022-02-24 | [Afternoon Market Recap for February 24, 2022 – The Seam](https://feedsoft.ai/events/8526-afternoon-market-recap-for-february-24-2022-the-seam.md) | +6.8% | +25.3% |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-july-24-2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.