# Chicago grains higher after week of Black Sea doubts, China demand

> Chicago wheat rallied on Friday on market talk that Russia might halt wheat exports. Corn futures climbed for a second straight week on strong Chinese demand.

- Date: 2023-03-24 · published 2023-03-24T12:00:00.000Z
- Category: trade · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/5079-chicago-grains-higher-after-week-of-black-sea-doubts-china-demand
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Rumors of a Russian export halt threaten supply from a major exporter, lifting wheat prices, while steady Chinese buying supports corn.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2023-03-27 | 1 | +7.1% | 7.5 | Friday's talk of a Russian export halt and Black Sea doubts began the rally and set up the gap higher on Monday, but it falls before the measured one-day window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +4.1% | +7.2% |
| WHEAT | 2023-03-24 | [GRAINS-Soy at 5-month low on big Brazil crop, wheat rallies on Black Sea doubts \| Kitco News](https://feedsoft.ai/events/36887-grains-soy-at-5-month-low-on-big-brazil-crop-wheat-rallies-on-black-sea-doubts.md) | +11.4% | +4.2% |
| WHEAT | 2026-06-18 | [Grains End Higher on Soybean Export Biz as China Also Looks for Corn and Wheat - AgWeb](https://feedsoft.ai/events/14571-grains-end-higher-on-soybean-export-biz-as-china-also-looks-for-corn-and-wheat.md) | -1.4% | -1.2% |
| WHEAT | 2025-11-03 | [CBOT wheat ends higher on hopes of China demand, technical buying — TradingView News](https://feedsoft.ai/events/21997-cbot-wheat-ends-higher-on-hopes-of-china-demand-technical-buying-tradingview.md) | -3.6% | -4.6% |
| WHEAT | 2023-11-16 | [Feedgrain Focus: Barley lifts on China demand - Grain Central](https://feedsoft.ai/events/12477-feedgrain-focus-barley-lifts-on-china-demand-grain-central.md) | +3.7% | +0.5% |
| CORN | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +1.5% | +23.9% |
| CORN | 2020-08-26 | [China’s demand for feed grains on the rise \| Feed Strategy](https://feedsoft.ai/events/51597-china-s-demand-for-feed-grains-on-the-rise-feed-strategy.md) | +1.5% | +7.0% |
| CORN | 2026-06-18 | [Grains End Higher on Soybean Export Biz as China Also Looks for Corn and Wheat - AgWeb](https://feedsoft.ai/events/14571-grains-end-higher-on-soybean-export-biz-as-china-also-looks-for-corn-and-wheat.md) | -1.2% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/article/global-grains-idAFL1N35W1S3/

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