# The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity | USDA Foreign Agricultural Service

> A USDA Foreign Agricultural Service report says commodity prices have risen to near-record levels over the past 18 months. Russia's invasion of Ukraine added to earlier drivers including strong Chinese demand, drought, tight stocks, high energy costs and export bans.

- Date: 2022-04-06 · published 2022-04-06T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4033-the-ukraine-conflict-and-other-factors-contributing-to-high-commodity-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Urea](https://feedsoft.ai/c/UREA.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Combined supply shocks from the Black Sea conflict and high energy and fertilizer costs keep grain and oilseed prices elevated, with food-importing countries most exposed.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲
- UREA: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-03-27 | [Regional war, global consequences: Mounting damages to Ukraine’s agriculture and growing challenges for global food security \| IFPRI](https://feedsoft.ai/events/14411-regional-war-global-consequences-mounting-damages-to-ukraine-s-agriculture-and.md) | +10.6% | -4.5% |
| WHEAT | 2022-04-08 | [Food commodity prices hit unprecedented highs as Ukraine crisis festers](https://feedsoft.ai/events/4042-food-commodity-prices-hit-unprecedented-highs-as-ukraine-crisis-festers.md) | -2.0% | +4.8% |
| WHEAT | 2022-03-02 | [Wheat Prices Shoot to 14-Year High on Concerns over Conflict Between Russia and Ukraine - AgWeb](https://feedsoft.ai/events/42324-wheat-prices-shoot-to-14-year-high-on-concerns-over-conflict-between-russia-and.md) | +6.9% | +20.3% |
| WHEAT | 2022-04-27 | [US wheat prices surge in wake of Russia-Ukraine conflict - High Plains Journal](https://feedsoft.ai/events/41903-us-wheat-prices-surge-in-wake-of-russia-ukraine-conflict-high-plains-journal.md) | -1.9% | +0.9% |
| WHEAT | 2026-03-05 | [How the Iran war could create a ‘fertiliser shock’ – an often ignored global risk to food prices and farming](https://feedsoft.ai/events/6255-how-the-iran-war-could-create-a-fertiliser-shock-an-often-ignored-global-risk.md) | +1.7% | +1.2% |
| CORN | 2023-03-27 | [Regional war, global consequences: Mounting damages to Ukraine’s agriculture and growing challenges for global food security \| IFPRI](https://feedsoft.ai/events/14411-regional-war-global-consequences-mounting-damages-to-ukraine-s-agriculture-and.md) | +1.6% | -0.0% |
| CORN | 2022-04-08 | [Food commodity prices hit unprecedented highs as Ukraine crisis festers](https://feedsoft.ai/events/4042-food-commodity-prices-hit-unprecedented-highs-as-ukraine-crisis-festers.md) | -0.7% | -6.4% |
| CORN | 2026-03-05 | [How the Iran war could create a ‘fertiliser shock’ – an often ignored global risk to food prices and farming](https://feedsoft.ai/events/6255-how-the-iran-war-could-create-a-fertiliser-shock-an-often-ignored-global-risk.md) | +2.4% | +4.6% |

## Sources

- fas.usda.gov: https://www.fas.usda.gov/data/ukraine-conflict-and-other-factors-contributing-high-commodity-prices-and-food-insecurity

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