# Crops extend gains on supply worries with soy at 2-week high - Moneyweb

> Wheat rose as major importers looked for supplies from alternative exporters after Russia's invasion choked Black Sea exports. Soybeans climbed past $17 to their highest intraday level in almost two weeks, supported by drought-hit South American crops. India is in talks to ship wheat to Egypt, China and Turkey.

- Date: 2022-03-22 · published 2022-03-22T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6247-crops-extend-gains-on-supply-worries-with-soy-at-2-week-high-moneyweb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Loss of Black Sea exports drives importers to other origins, supporting wheat prices, while drought-reduced South American soy output tightens oilseed supplies.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2022-03-23 | 5 | +10.8% | 2.8 | On 3/22 importers sought alternative exporters after Black Sea exports were choked, which extended the wheat gains through the supply shortfall. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-20 | [Wheat Futures Surge on Russian Crop Worries -- Daily Grain Highlights](https://feedsoft.ai/events/4597-wheat-futures-surge-on-russian-crop-worries-daily-grain-highlights.md) | +19.7% | +8.5% |
| WHEAT | 2026-07-17 | [Grains Close Higher a Second Week: How High Will Prices Rally? - AgWeb](https://feedsoft.ai/events/5067-grains-close-higher-a-second-week-how-high-will-prices-rally-agweb.md) | +3.8% | +0.1% |
| 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 | 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 | 2022-03-21 | [Wheat rebounds on Black Sea supply worries; corn, soybeans rise 1% - Markets - Business Recorder](https://feedsoft.ai/events/6245-wheat-rebounds-on-black-sea-supply-worries-corn-soybeans-rise-1-markets.md) | +15.8% | +5.9% |
| SOY | 2024-05-20 | [Wheat Futures Surge on Russian Crop Worries -- Daily Grain Highlights](https://feedsoft.ai/events/4597-wheat-futures-surge-on-russian-crop-worries-daily-grain-highlights.md) | +1.6% | -5.7% |
| SOY | 2022-03-21 | [Wheat rebounds on Black Sea supply worries; corn, soybeans rise 1% - Markets - Business Recorder](https://feedsoft.ai/events/6245-wheat-rebounds-on-black-sea-supply-worries-corn-soybeans-rise-1-markets.md) | +2.5% | +2.8% |
| SOY | 2022-02-28 | [Wheat jumps most in a decade; corn, soybeans firm on supply woes \| Financial Post](https://feedsoft.ai/events/9673-wheat-jumps-most-in-a-decade-corn-soybeans-firm-on-supply-woes-financial-post.md) | +5.4% | +7.5% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/investing/commodities/crops-extend-gains-on-supply-worries-with-soy-at-2-week-high/

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