# TFM Daily Market Summary 03-14-2022 - Total Farm Marketing by Stewart-Peterson

> Soybean meal rallied strongly on tighter South American supply, nearly doubling in value relative to DDGS. Corn futures closed lower as crude oil fell on China's COVID lockdowns and OPEC supply expectations.

- Date: 2022-03-14 · published 2022-03-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/5495-tfm-daily-market-summary-03-14-2022-total-farm-marketing-by-stewart-peterson
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A strong soymeal rally lifts DDGS as a substitute in feed rations and supports corn, while the crude oil drop weighs on the energy complex and ethanol-linked demand.

## Read by commodity

- SBM: bullish ▲
- WTI: bearish ▼
- CORN: bearish ▼
- DDGS: bullish ▲

## Sources

- totalfarmmarketing.com: https://www.totalfarmmarketing.com/tfm-daily-market-summary-03-14-2022/

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