# Ahead of the Open | March 29, 2023 - Pro Farmer

> Pro Farmer reports wheat futures rose overnight after Cargill said it will stop exporting Russian grain from July 1, with corn and soybeans following higher. USDA also announced another daily old-crop corn sale of 204,000 MT to China.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: trade · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/5083-ahead-of-the-open-march-29-2023-pro-farmer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Cargill's exit from Russian exports tightens wheat supply expectations, and continued Chinese corn purchases support corn prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-10-20 | [After the Bell \| October 20, 2022 - Pro Farmer](https://feedsoft.ai/events/8064-after-the-bell-october-20-2022-pro-farmer.md) | -0.2% | +2.0% |
| WHEAT | 2026-09-01 | [After the Bell \| Grain and energy rally - Pro Farmer](https://feedsoft.ai/events/10977-after-the-bell-grain-and-energy-rally-pro-farmer.md) | +0.8% | +0.1% |
| WHEAT | 2026-10-29 | [After the Bell \| Wheat bounces on strong export sales - Pro Farmer](https://feedsoft.ai/events/1994-after-the-bell-wheat-bounces-on-strong-export-sales-pro-farmer.md) | -0.4% | — |
| WHEAT | 2025-10-27 | [After the Bell \| Soybeans surge on trade deal news - Pro Farmer](https://feedsoft.ai/events/4790-after-the-bell-soybeans-surge-on-trade-deal-news-pro-farmer.md) | +3.8% | -1.8% |
| WHEAT | 2023-07-20 | [BIMCO: Shipping Number of The Week - Key US grain exports could fall 15% in 2023, brighter outlook ahead](https://feedsoft.ai/events/35232-bimco-shipping-number-of-the-week-key-us-grain-exports-could-fall-15-in-2023.md) | -0.7% | -1.3% |
| CORN | 2025-07-24 | [Ahead of the Open \| China buys U.S. corn - Pro Farmer](https://feedsoft.ai/events/14646-ahead-of-the-open-china-buys-u-s-corn-pro-farmer.md) | +1.0% | -1.0% |
| CORN | 2022-10-20 | [After the Bell \| October 20, 2022 - Pro Farmer](https://feedsoft.ai/events/8064-after-the-bell-october-20-2022-pro-farmer.md) | -0.2% | -1.1% |
| CORN | 2026-09-01 | [After the Bell \| Grain and energy rally - Pro Farmer](https://feedsoft.ai/events/10977-after-the-bell-grain-and-energy-rally-pro-farmer.md) | +0.2% | +4.5% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/ahead-open-march-29-2023

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