# USDA Factors Russia-Ukraine War in Latest WASDE Report

> USDA's March WASDE cut Ukraine's wheat exports by 4 million metric tons to 20 million and Russia's by 3 million to 32 million, citing the war. Ukraine also announced an export ban on wheat, corn, sunflower oil, barley and other products, and USDA lowered Brazilian and Argentine soybean output because of drought.

- Date: 2022-03-09 · published 2022-03-09T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/13738-usda-factors-russia-ukraine-war-in-latest-wasde-report
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Export losses from the Black Sea and the Ukrainian export ban remove a large share of world grain supply, which pushes wheat, corn and soybean prices higher.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-10-10 | [Ukraine: Russia kills eight in latest attack on Odesa port](https://feedsoft.ai/events/14261-ukraine-russia-kills-eight-in-latest-attack-on-odesa-port.md) | -0.5% | -1.3% |
| WHEAT | 2023-05-04 | [Russia's war on Ukraine latest: Zelenskiy visits war crimes court in The Hague](https://feedsoft.ai/events/7382-russia-s-war-on-ukraine-latest-zelenskiy-visits-war-crimes-court-in-the-hague.md) | -1.4% | -5.5% |
| WHEAT | 2022-11-03 | [Weekly Commodities Strategy: Russia-Ukraine War, Dryness In](https://feedsoft.ai/events/7285-weekly-commodities-strategy-russia-ukraine-war-dryness-in.md) | +7.2% | +8.5% |
| WHEAT | 2023-09-15 | [Why Is Russia Blocking Ukraine's Food Exports?](https://feedsoft.ai/events/14360-why-is-russia-blocking-ukraine-s-food-exports.md) | +0.1% | -1.6% |
| WHEAT | 2023-03-17 | [Russia Still Slow-Walking Ukraine Food Exports in Black Sea Grain Deal](https://feedsoft.ai/events/14410-russia-still-slow-walking-ukraine-food-exports-in-black-sea-grain-deal.md) | -3.7% | -6.8% |
| CORN | 2024-10-10 | [Ukraine: Russia kills eight in latest attack on Odesa port](https://feedsoft.ai/events/14261-ukraine-russia-kills-eight-in-latest-attack-on-odesa-port.md) | -2.6% | +0.4% |
| CORN | 2022-11-03 | [Weekly Commodities Strategy: Russia-Ukraine War, Dryness In](https://feedsoft.ai/events/7285-weekly-commodities-strategy-russia-ukraine-war-dryness-in.md) | -0.6% | -3.9% |
| CORN | 2023-09-15 | [Why Is Russia Blocking Ukraine's Food Exports?](https://feedsoft.ai/events/14360-why-is-russia-blocking-ukraine-s-food-exports.md) | -7.1% | -4.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/03/09/usda-releases-march-crop-production

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