# Winds Of War, Drought Push New-Crop Corn, Soybean Prices Higher

> New-crop corn and soybean futures rose to near nine-year highs as the war in Ukraine and drought in South America and the US supported prices. DTN notes that Brazil's soybean yield is forecast down 14% after a drought tied to La Nina, and the seasonal forecast calls for hot, dry conditions across the Corn Belt in July and August.

- Date: 2022-04-22 · published 2022-04-22T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/13368-winds-of-war-drought-push-new-crop-corn-soybean-prices-higher
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Reduced Black Sea grain supplies combined with South American and possible US drought losses tighten global corn, soybean and wheat balances, pushing feed grain and protein costs higher.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-03-23 | [Corn Prices: Crop Hits Two-Week High as Iran War Threatens Fertilizer Supply - Bloomberg](https://feedsoft.ai/events/20182-corn-prices-crop-hits-two-week-high-as-iran-war-threatens-fertilizer-supply.md) | -0.3% | -1.8% |
| CORN | 2025-10-23 | [Soybean, corn futures touch 1-month highs as crude oil soars — TradingView News](https://feedsoft.ai/events/22424-soybean-corn-futures-touch-1-month-highs-as-crude-oil-soars-tradingview-news.md) | +1.8% | +3.4% |
| CORN | 2024-05-21 | [Wheat prices soar as Black Sea crop causes concern \| Dry Bulk](https://feedsoft.ai/events/4594-wheat-prices-soar-as-black-sea-crop-causes-concern-dry-bulk.md) | +3.2% | +3.0% |
| CORN | 2023-07-17 | [November Soybean Futures Continue to Climb Higher - AgWeb](https://feedsoft.ai/events/35114-november-soybean-futures-continue-to-climb-higher-agweb.md) | -8.6% | -12.6% |
| CORN | 2022-06-28 | [Insight: Global crop problems point to years of high food prices \| Reuters](https://feedsoft.ai/events/40952-insight-global-crop-problems-point-to-years-of-high-food-prices-reuters.md) | +4.0% | -16.7% |
| SOY | 2026-03-30 | [Biofuel Demand, Iran Conflict Push Soybean Oil Prices Toward New Peak - Bloomberg](https://feedsoft.ai/events/20195-biofuel-demand-iran-conflict-push-soybean-oil-prices-toward-new-peak-bloomberg.md) | +0.6% | +1.6% |
| SOY | 2025-10-23 | [Soybean, corn futures touch 1-month highs as crude oil soars — TradingView News](https://feedsoft.ai/events/22424-soybean-corn-futures-touch-1-month-highs-as-crude-oil-soars-tradingview-news.md) | +4.4% | +9.8% |
| SOY | 2024-05-21 | [Wheat prices soar as Black Sea crop causes concern \| Dry Bulk](https://feedsoft.ai/events/4594-wheat-prices-soar-as-black-sea-crop-causes-concern-dry-bulk.md) | -1.5% | -5.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/04/22/winds-war-drought-push-new-crop-corn

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