# Surging CME Prices Spur Protein Market Higher - The Jacobsen

> CME grain futures rose sharply as the Ukraine-Russia conflict cut expected grain availability from Ukraine and the Black Sea. Wheat and corn hit limit up, with March wheat up 73.75 cents to $10.01 and corn up 42.20 cents to $7.39. Soybeans and soybean meal also gained, and porcine meat and bone meal prices rose sharply.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/42397-surging-cme-prices-spur-protein-market-higher-the-jacobsen
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Shipping halts from Ukraine and drought in South America tighten global supply, which lifts feed grain, soymeal and animal protein prices. Feed buyers face higher input costs across the complex.

## Read by commodity

- MBM: bullish ▲
- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-03-10 | 5 | +8.6% | 2.8 | The Ukraine-Russia conflict drove CME grains and soybean meal sharply higher on March 1, a sentiment and substitution effect that carried into the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-03 | [DDG and Wheat Midds Higher on CME Ags Gains - The Jacobsen](https://feedsoft.ai/events/42384-ddg-and-wheat-midds-higher-on-cme-ags-gains-the-jacobsen.md) | +4.9% | +19.4% |
| WHEAT | 2019-12-31 | [The Black Sea May Be the Key to Higher Wheat Prices - ProAg](https://feedsoft.ai/events/55128-the-black-sea-may-be-the-key-to-higher-wheat-prices-proag.md) | +0.6% | -2.3% |
| WHEAT | 2022-04-04 | [Livestock industry concerned over surging maize, soyameal prices  - The HinduBusinessLine](https://feedsoft.ai/events/41925-livestock-industry-concerned-over-surging-maize-soyameal-prices-the.md) | -7.3% | -4.2% |
| WHEAT | 2026-09-03 | [Why wheat prices are surging](https://feedsoft.ai/events/12755-why-wheat-prices-are-surging.md) | +0.7% | -0.2% |
| WHEAT | 2022-02-24 | [Ukraine crisis: commodities prices surge as stock markets slump \| Commodities \| The Guardian](https://feedsoft.ai/events/6312-ukraine-crisis-commodities-prices-surge-as-stock-markets-slump-commodities-the.md) | +6.8% | +25.3% |
| CORN | 2022-03-03 | [DDG and Wheat Midds Higher on CME Ags Gains - The Jacobsen](https://feedsoft.ai/events/42384-ddg-and-wheat-midds-higher-on-cme-ags-gains-the-jacobsen.md) | -0.0% | +7.3% |
| CORN | 2022-04-23 | [Fertilizer Prices Reach All-Time Highs Amid Turbulent Market](https://feedsoft.ai/events/42159-fertilizer-prices-reach-all-time-highs-amid-turbulent-market.md) | +0.4% | -2.0% |
| CORN | 2022-04-04 | [Livestock industry concerned over surging maize, soyameal prices  - The HinduBusinessLine](https://feedsoft.ai/events/41925-livestock-industry-concerned-over-surging-maize-soyameal-prices-the.md) | +5.4% | -0.7% |

## Sources

- thejacobsen.com: https://thejacobsen.com/2022/03/01/surging-cme-prices-spur-protein-market-higher/

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