# GRAIN & PRICES WEEKLY REPORT

> A Sicilian Wheat Bank weekly report says Russia's invasion of Ukraine lifted corn, soybeans, wheat and crude oil to new highs on Feb. 24, 2022. Markets then sold off sharply on Feb. 25, with CBOT SRW wheat down 83 cents and corn and soybeans down about 4-5%.

- Date: 2022-02-26 · published 2022-02-26T12:00:00.000Z
- Category: geopolitics · region Ukraine · magnitude high
- Page: https://feedsoft.ai/events/8529-grain-and-prices-weekly-report
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The report notes the invasion could affect up to 20% of world corn trade and 30% of wheat trade, but risk premium built over weeks was unwound quickly. Feed buyers should weigh the potential supply disruption against the sharp correction.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-17 | [Black Sea deal extension sinks grain prices](https://feedsoft.ai/events/5012-black-sea-deal-extension-sinks-grain-prices.md) | -1.4% | -6.9% |
| WHEAT | 2026-10-28 | [Wheat prices fall as global supply weighs on markets - Farmers Weekly](https://feedsoft.ai/events/443-wheat-prices-fall-as-global-supply-weighs-on-markets-farmers-weekly.md) | +0.2% | — |
| WHEAT | 2022-11-28 | [China’s COVID protests sink soy, corn prices - Beachner Grain](https://feedsoft.ai/events/12215-china-s-covid-protests-sink-soy-corn-prices-beachner-grain.md) | -1.1% | -2.7% |
| WHEAT | 2022-11-02 | [Grain export corridor update, Russia resumes: Grain market daily \| AHDB](https://feedsoft.ai/events/7737-grain-export-corridor-update-russia-resumes-grain-market-daily-ahdb.md) | +6.5% | +7.6% |
| WHEAT | 2022-06-22 | [Turkish team to discuss Black Sea grain corridor in Russia this week -sources](https://feedsoft.ai/events/14477-turkish-team-to-discuss-black-sea-grain-corridor-in-russia-this-week-sources.md) | +1.8% | -4.6% |
| CORN | 2023-05-17 | [Black Sea deal extension sinks grain prices](https://feedsoft.ai/events/5012-black-sea-deal-extension-sinks-grain-prices.md) | +2.4% | +0.5% |
| CORN | 2018-06-29 | [Futures File: Oil market on fire; grain prices rally – Greeley Tribune](https://feedsoft.ai/events/11640-futures-file-oil-market-on-fire-grain-prices-rally-greeley-tribune.md) | +2.3% | -0.9% |
| CORN | 2022-11-28 | [China’s COVID protests sink soy, corn prices - Beachner Grain](https://feedsoft.ai/events/12215-china-s-covid-protests-sink-soy-corn-prices-beachner-grain.md) | -5.0% | -2.5% |

## Sources

- linkedin.com: https://www.linkedin.com/pulse/grain-prices-weekly-report-sandro-filippo-puglisi-10f

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