# Black Sea Shutdown Increases Corn, Wheat Price Prospects | Feed & Grain

> RaboResearch says the Black Sea trade shutdown has pushed corn and wheat prices to decade highs. Its report expects the conflict to cut global grain supplies and forecasts that higher US exports would raise 2022/23 farm prices.

- Date: 2022-03-30 · published 2022-03-30T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/42327-black-sea-shutdown-increases-corn-wheat-price-prospects-feed-and-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Sustained loss of Black Sea grain shifts demand toward US supplies and lifts the longer-term price outlook for corn and wheat, supporting feed grain costs.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-12-02 | [U.S. grains: Corn, wheat futures climb on Black Sea tensions - Grainews](https://feedsoft.ai/events/21560-u-s-grains-corn-wheat-futures-climb-on-black-sea-tensions-grainews.md) | +0.5% | +0.3% |
| CORN | 2022-10-30 | [Grain market braces for price flurry as Black Sea corridor in doubt](https://feedsoft.ai/events/39027-grain-market-braces-for-price-flurry-as-black-sea-corridor-in-doubt.md) | -2.2% | -3.8% |
| CORN | 2024-05-21 | [Wheat prices soar as Black Sea crop causes concern \| Dry Bulk](https://feedsoft.ai/events/4594-wheat-prices-soar-as-black-sea-crop-causes-concern-dry-bulk.md) | +3.2% | +3.0% |
| CORN | 2022-10-31 | [Wheat futures jump, hitting record high in Sydney, after Russia exits Black Sea deal - Grain Price News](https://feedsoft.ai/events/39157-wheat-futures-jump-hitting-record-high-in-sydney-after-russia-exits-black-sea.md) | -2.2% | -3.8% |
| CORN | 2023-05-05 | [Black Sea tensions keep grain prices afloat](https://feedsoft.ai/events/7385-black-sea-tensions-keep-grain-prices-afloat.md) | -0.2% | -7.5% |
| WHEAT | 2025-12-02 | [U.S. grains: Corn, wheat futures climb on Black Sea tensions - Grainews](https://feedsoft.ai/events/21560-u-s-grains-corn-wheat-futures-climb-on-black-sea-tensions-grainews.md) | -1.2% | -1.1% |
| WHEAT | 2022-10-30 | [Grain market braces for price flurry as Black Sea corridor in doubt](https://feedsoft.ai/events/39027-grain-market-braces-for-price-flurry-as-black-sea-corridor-in-doubt.md) | -5.6% | +2.4% |
| WHEAT | 2023-07-20 | [Black Sea conflict boosts wheat prices in Southeast Asia, Australia \| S&P Global](https://feedsoft.ai/events/35106-black-sea-conflict-boosts-wheat-prices-in-southeast-asia-australia-s-and-p.md) | -0.7% | -1.3% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-handling-processing/news/15385466/black-sea-shutdown-increases-corn-wheat-price-prospects

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