Loading…
DTN compares price reactions to the Ukraine invasion, with May Chicago wheat spiking to a record $13.63 1/2 before falling back below $11. May corn rose roughly 75 cents over the same period, ending at $7.55 3/4.
Wheat's sharp swing shows the market's extreme sensitivity to Black Sea supply risk, while corn's steadier gains reflect a more modest supply impact for feed buyers.
dtnpf.comTodd HultmanMar 11, 2022Not enough comparable past events yet for a historical read.
Not 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.
May corn had risen about 75 cents since the invasion, showing the high-volatility regime in which a large daily move occurred.
