# The Commodity Boom Thunders Through Feed And Dairy Markets - EDairy News English

> Commodity markets are surging, with May Chicago wheat hitting an all-time high of $13.635 before falling sharply to close at $11.07. Corn also swung widely, with May corn settling at $7.625 and December at $6.5525, while USDA raised its estimate of US corn exports by 75 million bushels due to Ukraine war impacts.

- Date: 2022-03-18 · published 2022-03-18T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42418-the-commodity-boom-thunders-through-feed-and-dairy-markets-edairy-news-english
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Lower Ukrainian grain output and higher US export demand tighten global corn and wheat supplies, lifting feed ingredient costs. Dairy producers face higher feed bills, which keeps milk prices high to discourage output cuts.

## Read by commodity

- CORN: bullish ▲
- MILK: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-01 | [Why the Black Sea Matters to Commodity Markets](https://feedsoft.ai/events/14510-why-the-black-sea-matters-to-commodity-markets.md) | +10.5% | +22.7% |
| WHEAT | 2022-03-01 | [$20+ Milk Could Be Further Swallowed Up By Russia-Ukraine Crisis - EDairy News English](https://feedsoft.ai/events/8437-20-milk-could-be-further-swallowed-up-by-russia-ukraine-crisis-edairy-news.md) | +10.5% | +22.7% |
| WHEAT | 2022-03-21 | [Dairy outlook bullish through 2022](https://feedsoft.ai/events/42286-dairy-outlook-bullish-through-2022.md) | +15.8% | +5.9% |
| WHEAT | 2026-03-25 | [Raleigh, NC Breaking News, Weather, Traffic - WRAL NBC affiliate - The Fertilizer Divergence: Why a 6.5% Surge is Rattling Global Markets Amidst a Commodity Cool-Down](https://feedsoft.ai/events/4630-raleigh-nc-breaking-news-weather-traffic-wral-nbc-affiliate-the-fertilizer.md) | +1.9% | +1.3% |
| WHEAT | 2022-03-23 | [How Russia's invasion of Ukraine rocked commodity markets](https://feedsoft.ai/events/6242-how-russia-s-invasion-of-ukraine-rocked-commodity-markets.md) | +1.3% | -9.2% |
| CORN | 2022-03-01 | [Why the Black Sea Matters to Commodity Markets](https://feedsoft.ai/events/14510-why-the-black-sea-matters-to-commodity-markets.md) | +4.7% | +12.1% |
| CORN | 2022-03-01 | [$20+ Milk Could Be Further Swallowed Up By Russia-Ukraine Crisis - EDairy News English](https://feedsoft.ai/events/8437-20-milk-could-be-further-swallowed-up-by-russia-ukraine-crisis-edairy-news.md) | +4.7% | +12.1% |
| CORN | 2022-03-21 | [Dairy outlook bullish through 2022](https://feedsoft.ai/events/42286-dairy-outlook-bullish-through-2022.md) | +1.5% | +11.2% |

## Sources

- en.edairynews.com: https://en.edairynews.com/the-commodity-boom-thunders-through-feed-and-dairy-markets/

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