# Market Closes - April 18, 2022 - Kentucky Farm Bureau

> Corn, soybean and wheat futures closed sharply higher, with corn setting new contract highs. Drivers cited included slow planting, unfavorable April weather forecasts, the Ukraine war, dryness in Brazil's safrinha crop, Chinese demand, dry Plains conditions hurting HRW wheat ratings, and high vegetable oil prices.

- Date: 2022-04-18 · published 2022-04-18T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/5954-market-closes-april-18-2022-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weather-related planting delays and crop stress in key producing regions tighten grain and oilseed supplies, supporting feed prices for buyers.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-04-25 | 1 | +8.4% | 3.1 | Event is dated a week before the 2022-04-25 move, but it describes the same bullish supply-side drivers (dry Plains hurting HRW ratings, slow planting, Ukraine war disruption) that likely carried into and fueled the 8.36% jump; the timing gap limits attribution to this specific day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-04-05 | [Market Closes - April 5, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/10071-market-closes-april-5-2018-kentucky-farm-bureau.md) | +1.1% | +3.0% |
| CORN | 2018-03-01 | [Market Closes - March 1, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/11653-market-closes-march-1-2018-kentucky-farm-bureau.md) | +0.8% | +1.3% |
| CORN | 2022-01-04 | [Market Closes - January 4, 2022 - Kentucky Farm Bureau](https://feedsoft.ai/events/5773-market-closes-january-4-2022-kentucky-farm-bureau.md) | +3.4% | +5.7% |
| CORN | 2020-10-19 | [Market Closes - October 19, 2020 - Kentucky Farm Bureau](https://feedsoft.ai/events/8110-market-closes-october-19-2020-kentucky-farm-bureau.md) | +2.7% | +2.6% |
| CORN | 2017-01-17 | [Market Closes - January 17, 2017 - Kentucky Farm Bureau](https://feedsoft.ai/events/11024-market-closes-january-17-2017-kentucky-farm-bureau.md) | +2.6% | +3.6% |
| SOY | 2018-04-05 | [Market Closes - April 5, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/10071-market-closes-april-5-2018-kentucky-farm-bureau.md) | +3.2% | +1.7% |
| SOY | 2018-03-01 | [Market Closes - March 1, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/11653-market-closes-march-1-2018-kentucky-farm-bureau.md) | +1.0% | -2.6% |
| SOY | 2022-01-04 | [Market Closes - January 4, 2022 - Kentucky Farm Bureau](https://feedsoft.ai/events/5773-market-closes-january-4-2022-kentucky-farm-bureau.md) | +2.3% | +13.7% |

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-april-18-2022/

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