# Wild 2022 in grain markets sparks 2008 comparisons | Reuters

> A Reuters analysis compares the 2022 grain market spike with the 2008 price surge, noting that the 2008 wheat rally was tied to rising energy prices, biofuel crop use and tight rice supplies. Global wheat stocks-to-use among major exporters hit an all-time low of 13% in 2007-08, down from 22% two to three years earlier.

- Date: 2022-06-23 · published 2022-06-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/40978-wild-2022-in-grain-markets-sparks-2008-comparisons-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Historically tight exporter wheat stocks suggest prices can stay elevated and volatile, supporting feed and grain cost expectations for buyers.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | -5.5% | -5.0% |
| WHEAT | 2018-01-28 | [U.S. dollar impacts grain prices - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/67028-u-s-dollar-impacts-grain-prices-agweek-1-source-for-agriculture-news-farming.md) | +0.2% | +2.1% |
| WHEAT | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | -0.5% | -4.7% |
| WHEAT | 2021-04-30 | [Inflationary Signs Are Everywhere In The Commodities Market \| Investing.com](https://feedsoft.ai/events/47516-inflationary-signs-are-everywhere-in-the-commodities-market-investing-com.md) | -5.5% | -5.0% |
| WHEAT | 2023-10-05 | [Grain price jitters as rand creeps up to R20/$](https://feedsoft.ai/events/33926-grain-price-jitters-as-rand-creeps-up-to-r20.md) | +4.8% | +5.2% |
| CORN | 2017-09-08 | [Who owns all the grain? — This week in the grain market - RealAgriculture](https://feedsoft.ai/events/69006-who-owns-all-the-grain-this-week-in-the-grain-market-realagriculture.md) | -0.4% | +4.4% |
| CORN | 2021-02-21 | [Go Behind the Chinese Grain Market Rally of 2020/21 \| StoneX](https://feedsoft.ai/events/48628-go-behind-the-chinese-grain-market-rally-of-2020-21-stonex.md) | +1.6% | -3.4% |
| CORN | 2021-02-17 | [Fed minutes show willingness to steer past coming jump in inflation \| Reuters](https://feedsoft.ai/events/48543-fed-minutes-show-willingness-to-steer-past-coming-jump-in-inflation-reuters.md) | +0.3% | -4.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/wild-2022-grain-markets-sparks-2008-comparisons-2022-06-23/

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