# Weekly Commodities Market Update: Price Gain across Grains

> Nigerian commodity exchange data showed sorghum and maize gaining over the week of October 18, 2022, with sorghum up 3.24% and maize up 3.03% in the open market. Flooding in key producing states was cited as a driver, while soybeans fell 2.47%.

- Date: 2022-10-18 · published 2022-10-18T12:00:00.000Z
- Category: weather · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/39199-weekly-commodities-market-update-price-gain-across-grains
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Flood damage in producing regions and domestic demand support local grain prices, but the effect on global feed supply is small.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-06-21 | [Commodities Market Impact Weather](https://feedsoft.ai/events/13179-commodities-market-impact-weather.md) | -5.5% | -8.4% |
| CORN | 2017-05-30 | [Weekly Market Highlights – Cattle Current Market Update](https://feedsoft.ai/events/9900-weekly-market-highlights-cattle-current-market-update.md) | -0.2% | -3.5% |
| CORN | 2019-05-29 | [Market alert - grains experience wild price rally \| XTB](https://feedsoft.ai/events/10899-market-alert-grains-experience-wild-price-rally-xtb.md) | +0.4% | +6.4% |
| CORN | 2020-08-28 | [Farming News - ADM Wheat & OSR weekly market update](https://feedsoft.ai/events/51661-farming-news-adm-wheat-and-osr-weekly-market-update.md) | +0.0% | +5.4% |
| CORN | 2020-08-19 | [Midweek Markets: Where are grain prices headed next?](https://feedsoft.ai/events/51664-midweek-markets-where-are-grain-prices-headed-next.md) | +2.3% | +8.3% |
| SOY | 2026-06-05 | [Crops Analysis \| Grains, soy mark hefty weekly losses - Pro Farmer](https://feedsoft.ai/events/5199-crops-analysis-grains-soy-mark-hefty-weekly-losses-pro-farmer.md) | -1.3% | +4.7% |
| SOY | 2016-08-12 | [Grain market update: prices fluctuate ahead of WASDE report - 12 August 2016 Premium](https://feedsoft.ai/events/9953-grain-market-update-prices-fluctuate-ahead-of-wasde-report-12-august-2016.md) | +1.0% | -2.4% |
| SOY | 2024-11-14 | [Trump continues to cast doubt on grain market - Grains & Commodities Analysis \| Boerenbusiness. Nl](https://feedsoft.ai/events/12341-trump-continues-to-cast-doubt-on-grain-market-grains-and-commodities-analysis.md) | -1.4% | -0.8% |

## Sources

- businesstrumpet.com: https://businesstrumpet.com/weekly-commodities-market-update-price-gain-across-grains/

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