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Soybean, corn and wheat futures closed higher after failing Ukraine-Russia peace talks raised supply concerns in the Black Sea region. USDA also announced a private sale of 128,000 metric tons of new-crop soybeans to Mexico.
Soybean oil gained support from crude oil.
Stalled peace talks prolong Black Sea grain supply risk, and the Mexican soybean sale adds export demand, both supporting feed grain and oilseed prices.
brownfieldagnews.comMar 30, 2022After 72 past bullish geopolitics events, Soybeans moved a median +0.4% over 5 sessions (60% higher; middle half -1.0% to +2.5%), and -1.0% over 20.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
After 110 past bullish geopolitics events, Soybean Oil moved a median +1.8% over 5 sessions (65% higher; middle half -0.7% to +3.6%), and -0.4% over 20.
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.
