# Market Perspectives – December 15, 2022 - U.S. Grains & BioProducts Council

> March corn futures rose 9.5 cents on the CBOT as the Ukraine conflict, short covering, rising export sales and a weaker dollar supported prices. Russia attacked the Ukrainian port of Odesa, raising doubts about the Black Sea Grain Initiative, though the port reopened and vessels resumed loading.

- Date: 2022-12-15 · published 2022-12-15T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/5517-market-perspectives-december-15-2022-u-s-grains-and-bioproducts-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Attacks on Black Sea export ports raise grain logistics risk and support corn and feed-grain prices, while a weaker dollar makes US exports more competitive.

## Read by commodity

- DXY: bearish ▼
- CORN: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-06-20 | [Market Perspectives - June 20, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/17023-market-perspectives-june-20-2024-page-6-of-9-u-s-grains-and-bioproducts-council.md) | -6.0% | -9.5% |
| CORN | 2022-10-31 | [Daily Market Wire 1 November 2022 - Grain Central](https://feedsoft.ai/events/39159-daily-market-wire-1-november-2022-grain-central.md) | -2.2% | -3.8% |
| CORN | 2019-09-17 | [Daily Market Wire 17 September 2019 - Grain Central](https://feedsoft.ai/events/9891-daily-market-wire-17-september-2019-grain-central.md) | +1.7% | +4.7% |
| CORN | 2026-07-16 | [Grains Report 07/16/2026 - Market InsightsMarket Insights](https://feedsoft.ai/events/9564-grains-report-07-16-2026-market-insightsmarket-insights.md) | +3.1% | +0.6% |
| CORN | 2026-01-08 | [Ukraine Grain Exports Drop 16% in December as Russian Strikes Hit Ports - Bloomberg](https://feedsoft.ai/events/14144-ukraine-grain-exports-drop-16-in-december-as-russian-strikes-hit-ports-bloomberg.md) | -3.4% | -2.0% |
| WHEAT | 2024-02-22 | [Market Perspectives - February 22, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8022-market-perspectives-february-22-2024-u-s-grains-and-bioproducts-council.md) | -4.3% | -4.8% |
| WHEAT | 2022-10-31 | [Daily Market Wire 1 November 2022 - Grain Central](https://feedsoft.ai/events/39159-daily-market-wire-1-november-2022-grain-central.md) | -5.6% | +2.4% |
| WHEAT | 2019-09-17 | [Daily Market Wire 17 September 2019 - Grain Central](https://feedsoft.ai/events/9891-daily-market-wire-17-september-2019-grain-central.md) | +2.4% | +2.8% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-december-15-2022/

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