# After the Bell | March 21, 2022 - Pro Farmer

> Winter wheat futures rose sharply as Russia-Ukraine war disruptions hit global trade, with corn and soybeans also higher. Corn export inspections fell short of the pace needed for USDA's forecast, and soybean export demand slowed as China pulled back purchases. Soybeans briefly traded above $17 on rallies in wheat and crude oil.

- Date: 2022-03-21 · published 2022-03-21T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6243-after-the-bell-march-21-2022-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

War-related trade disruption supports wheat, corn and soybean prices, though softer export demand limits further upside in soybeans.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-03-21 | 1 | +11.5% | 5.3 | Same-day report of sharp winter wheat gains as Russia-Ukraine war disruptions hit global trade, supporting the supply-shock mechanism. |
| WHEAT | 2022-03-23 | 5 | +10.8% | 2.8 | Winter wheat futures rose sharply on 3/21 as war disruptions hit global trade, with crude oil and wheat rallies reinforcing each other. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-07-24 | [After the Bell \| July 24, 2023 - Pro Farmer](https://feedsoft.ai/events/11935-after-the-bell-july-24-2023-pro-farmer.md) | -0.4% | -0.1% |
| WHEAT | 2023-12-26 | [After the Bell \| December 26, 2023 - Pro Farmer](https://feedsoft.ai/events/11283-after-the-bell-december-26-2023-pro-farmer.md) | +3.2% | +0.5% |
| WHEAT | 2022-02-24 | [Afternoon Market Recap for February 24, 2022 – The Seam](https://feedsoft.ai/events/8526-afternoon-market-recap-for-february-24-2022-the-seam.md) | +6.8% | +25.3% |
| WHEAT | 2026-03-06 | [3 Big Things Today, March 6, 2026](https://feedsoft.ai/events/9852-3-big-things-today-march-6-2026.md) | +0.8% | +0.1% |
| WHEAT | 2025-12-02 | [Market Snapshot \| Black Sea tensions spur rally in grains - Pro Farmer](https://feedsoft.ai/events/11262-market-snapshot-black-sea-tensions-spur-rally-in-grains-pro-farmer.md) | -1.2% | -1.1% |
| CORN | 2023-07-24 | [After the Bell \| July 24, 2023 - Pro Farmer](https://feedsoft.ai/events/11935-after-the-bell-july-24-2023-pro-farmer.md) | +9.3% | -4.1% |
| CORN | 2023-12-26 | [After the Bell \| December 26, 2023 - Pro Farmer](https://feedsoft.ai/events/11283-after-the-bell-december-26-2023-pro-farmer.md) | -0.9% | -3.8% |
| CORN | 2022-02-24 | [Afternoon Market Recap for February 24, 2022 – The Seam](https://feedsoft.ai/events/8526-afternoon-market-recap-for-february-24-2022-the-seam.md) | +6.5% | +12.3% |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-march-21-2022

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