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Corn futures in Chicago surpassed $8 a bushel on April 18, with CNBC reporting the July contract at its highest since September 2012, up from about $6 at the start of the year. Commentary attributed the rise partly to the Ukraine war and broader agricultural price pressure.
Higher corn prices raise feed input costs for livestock and poultry buyers, with sustained war-related supply losses keeping the upward pressure in place.
cnbc.comJesse PoundApr 18, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
