# Wheat rebounds on Black Sea supply worries; corn, soybeans rise 1% - Markets - Business Recorder

> Chicago wheat rose for a second session in three on Black Sea supply worries and dry weather in parts of the US grain belt. Corn and soybeans each gained about 1%. Wheat remains well below its early-March all-time high of $13.63.

- Date: 2022-03-21 · published 2022-03-21T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6245-wheat-rebounds-on-black-sea-supply-worries-corn-soybeans-rise-1-markets
- 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

Ongoing Black Sea supply concerns and US dryness support grain prices, though prices are already well off their peak and may consolidate at high levels.

## 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 wheat rebound on Black Sea supply worries and dry US belt weather, adding supply and weather risk premium. |
| WHEAT | 2022-03-23 | 5 | +10.8% | 2.8 | Wheat rebounded on Black Sea supply worries and dry US belt weather, adding supply-risk support, though prices remained below the early-March high. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-04 | [Wheat climbs to one-week high on Black Sea supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/7384-wheat-climbs-to-one-week-high-on-black-sea-supply-concerns-markets-business.md) | -1.4% | -5.5% |
| WHEAT | 2023-11-22 | [Wheat jumps 1% to near 2-week high on Black Sea supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/12251-wheat-jumps-1-to-near-2-week-high-on-black-sea-supply-concerns-markets-business.md) | -0.4% | -1.2% |
| WHEAT | 2022-11-01 | [Palm oil surges nearly 5% on worries over Black Sea supplies - Markets - Business Recorder](https://feedsoft.ai/events/8072-palm-oil-surges-nearly-5-on-worries-over-black-sea-supplies-markets-business.md) | +7.3% | +7.7% |
| WHEAT | 2026-08-31 | [Russian wheat export prices climb as Black Sea supplies shrink - Markets - Business Recorder](https://feedsoft.ai/events/17952-russian-wheat-export-prices-climb-as-black-sea-supplies-shrink-markets-business.md) | +2.2% | +6.1% |
| WHEAT | 2026-07-22 | [Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder](https://feedsoft.ai/events/9558-chicago-wheat-jumps-on-renewed-attacks-on-black-sea-ports-markets-business.md) | -1.8% | +2.5% |
| CORN | 2026-07-22 | [Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder](https://feedsoft.ai/events/9558-chicago-wheat-jumps-on-renewed-attacks-on-black-sea-ports-markets-business.md) | +0.7% | +0.1% |
| CORN | 2022-02-28 | [Wheat Continues Surge on Black Sea Supply Concerns as Ukraine-Russia Crisis Continues](https://feedsoft.ai/events/42754-wheat-continues-surge-on-black-sea-supply-concerns-as-ukraine-russia-crisis.md) | +10.4% | +14.4% |
| CORN | 2023-07-24 | [Palm oil up over news on Ukraine port attack - Markets - Business Recorder](https://feedsoft.ai/events/11937-palm-oil-up-over-news-on-ukraine-port-attack-markets-business-recorder.md) | +9.3% | -4.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40162087

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