# After the Bell | November 2, 2022 - Pro Farmer

> Wheat futures tumbled after Russia said it would resume participation in the UkraineBlack Sea grain export deal, four days after suspending it. December SRW wheat fell 56.5 cents to $8.46 and December HRW wheat dropped nearly 50 cents. Corn followed wheat lower, while soybeans rose to a six-week high on crude oil and vegetable oil strength.

- Date: 2022-11-02 · published 2022-11-02T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/7226-after-the-bell-november-2-2022-pro-farmer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Restored Black Sea export flows ease global wheat supply concerns, pressuring wheat and corn prices. Soybean oil strength from energy and vegoil markets supports crush economics.

## Read by commodity

- DXY: bullish ▲
- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-07-21 | [After the Bell \| July 21, 2022 - Pro Farmer](https://feedsoft.ai/events/12604-after-the-bell-july-21-2022-pro-farmer.md) | -11.0% | -1.2% |
| WHEAT | 2022-02-25 | [After the Bell \| February 25, 2022 - Pro Farmer](https://feedsoft.ai/events/8524-after-the-bell-february-25-2022-pro-farmer.md) | +9.4% | +23.7% |
| WHEAT | 2023-10-03 | [After the Bell \| October 4, 2023 - Pro Farmer](https://feedsoft.ai/events/7143-after-the-bell-october-4-2023-pro-farmer.md) | +5.2% | +5.2% |
| WHEAT | 2022-11-28 | [Ahead of the Open \| November 28, 2022 - Pro Farmer](https://feedsoft.ai/events/12216-ahead-of-the-open-november-28-2022-pro-farmer.md) | -1.1% | -2.7% |
| WHEAT | 2022-03-14 | [Ahead of the Open \| March 14, 2022 - Pro Farmer](https://feedsoft.ai/events/5498-ahead-of-the-open-march-14-2022-pro-farmer.md) | -1.8% | +6.6% |
| SOY | 2022-07-21 | [After the Bell \| July 21, 2022 - Pro Farmer](https://feedsoft.ai/events/12604-after-the-bell-july-21-2022-pro-farmer.md) | +9.0% | +1.8% |
| SOY | 2022-02-25 | [After the Bell \| February 25, 2022 - Pro Farmer](https://feedsoft.ai/events/8524-after-the-bell-february-25-2022-pro-farmer.md) | +1.1% | +2.4% |
| SOY | 2023-10-03 | [After the Bell \| October 4, 2023 - Pro Farmer](https://feedsoft.ai/events/7143-after-the-bell-october-4-2023-pro-farmer.md) | -1.0% | +0.5% |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-november-2-2022
- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-november-3-2022

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