# Grain prices heat up on weather, war worries

> CBOT wheat closed limit-up on July 24, 2023, with corn up over 6 percent and soybeans up about 1.5 percent. Russian attacks on Ukrainian ports and grain storage drove the gains, while NOAA forecast little rain for the central US.

- Date: 2023-07-24 · published 2023-07-24T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/11939-grain-prices-heat-up-on-weather-war-worries
- 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), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Combined war-driven supply fears and hot, dry Corn Belt forecasts push grain prices higher, raising feed grain costs for buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲
- KWHEAT: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-07-22 | [Grain Markets Explode to Fresh Highs on War, Weather with Wheat Leading - AgWeb](https://feedsoft.ai/events/9559-grain-markets-explode-to-fresh-highs-on-war-weather-with-wheat-leading-agweb.md) | +0.7% | +0.1% |
| CORN | 2024-05-20 | [Wheat Futures Surge on Russian Crop Worries -- Daily Grain Highlights](https://feedsoft.ai/events/4597-wheat-futures-surge-on-russian-crop-worries-daily-grain-highlights.md) | +1.9% | +5.4% |
| CORN | 2022-09-28 | [Wheat up on war worries; corn, soy also firm despite recession fears \| Financial Post](https://feedsoft.ai/events/39646-wheat-up-on-war-worries-corn-soy-also-firm-despite-recession-fears-financial.md) | +1.9% | +4.4% |
| CORN | 2022-01-31 | [Russia-Ukraine Tensions Drive Global Wheat Prices Higher](https://feedsoft.ai/events/43173-russia-ukraine-tensions-drive-global-wheat-prices-higher.md) | +0.6% | +6.9% |
| CORN | 2022-02-23 | [Winter Wheat Prices Touch 9-Year High on Russia, Ukraine Fears - Bloomberg](https://feedsoft.ai/events/42748-winter-wheat-prices-touch-9-year-high-on-russia-ukraine-fears-bloomberg.md) | +7.5% | +12.7% |
| WHEAT | 2026-07-22 | [Grain Markets Explode to Fresh Highs on War, Weather with Wheat Leading - AgWeb](https://feedsoft.ai/events/9559-grain-markets-explode-to-fresh-highs-on-war-weather-with-wheat-leading-agweb.md) | -1.8% | +2.5% |
| WHEAT | 2024-05-20 | [Wheat Futures Surge on Russian Crop Worries -- Daily Grain Highlights](https://feedsoft.ai/events/4597-wheat-futures-surge-on-russian-crop-worries-daily-grain-highlights.md) | +19.7% | +8.5% |
| WHEAT | 2023-11-22 | [Wheat prices jump as Russia targets Ukrainian grain supplies](https://feedsoft.ai/events/12252-wheat-prices-jump-as-russia-targets-ukrainian-grain-supplies.md) | -0.4% | -1.2% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/grain-prices-heat-up-on-weather-war-worries

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