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Wheat futures plunged on Feb. 25, 2022 after Russia's invasion of Ukraine sent prices to multi-year highs the previous day.
Corn and soybeans also fell on profit-taking, with May soybeans down 69 1/2 cents and May soymeal and soyoil lower.
The war-driven rally faded as traders took profits, pulling corn and soybean complex prices lower. Analysts expected the Russia-Ukraine conflict to remain the main market focus, with limited direct impact on soybeans beyond soyoil and vegetable oils.
profarmer.comPro Farmer EditorsFeb 25, 2022After 80 past bearish geopolitics events, Wheat (SRW) moved a median -0.4% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and -0.5% over 20.
After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% over 20.
After 53 past bearish geopolitics events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -1.9% to +1.2%), and +1.0% over 20.
After 17 past bearish geopolitics events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.4% to +1.9%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
