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Corn, soybeans and wheat all rose on March 17 after heavy losses the previous day. Corn gained more than 3%, most wheat contracts rose 2% to 2.5%, and soybeans firmed about 1.25%.
Crude oil rose more than 8% back above $102 per barrel.
Traders are reacting to Black Sea headlines and energy-driven volatility, which keeps grain prices swinging. The rebound reflects short-term positioning rather than a change in fundamental supply.
theseam.comMar 17, 2022Not enough comparable past events yet for a historical read.
Not 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.
