# Markets stagger as Russia sanctions intensify

> Sanctions on Russia by the United States and its allies pushed up prices of oil, metals, wheat and other commodities. Investors feared the combination would worsen already high inflation while slowing global growth.

- Date: 2022-03-09 · published 2022-03-09T12:00:00.000Z
- Category: geopolitics · region Russia · magnitude high
- Page: https://feedsoft.ai/events/9526-markets-stagger-as-russia-sanctions-intensify
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Russia is a major wheat and grain exporter, so sanctions-driven supply risk lifts wheat and corn prices and raises feed grain costs. Higher crude prices also raise energy and freight costs across the feed chain.

## Read by commodity

- WTI: bullish ▲
- CORN: bullish ▲
- BRENT: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-02 | [Oil, gas, wheat and aluminium jump as Russia sanctions bite](https://feedsoft.ai/events/6281-oil-gas-wheat-and-aluminium-jump-as-russia-sanctions-bite.md) | +6.9% | +20.3% |
| WHEAT | 2018-11-26 | [Ship Chokepoint in Focus as Russia-Ukraine Tensions Flare-Up](https://feedsoft.ai/events/61918-ship-chokepoint-in-focus-as-russia-ukraine-tensions-flare-up.md) | +0.6% | +3.2% |
| WHEAT | 2022-03-23 | [How Russia's invasion of Ukraine rocked commodity markets](https://feedsoft.ai/events/6242-how-russia-s-invasion-of-ukraine-rocked-commodity-markets.md) | +1.3% | -9.2% |
| WHEAT | 2023-07-20 | [Wheat prices soar as Russia-Ukraine tensions stoke food crisis fears](https://feedsoft.ai/events/35082-wheat-prices-soar-as-russia-ukraine-tensions-stoke-food-crisis-fears.md) | -0.7% | -1.3% |
| WHEAT | 2025-12-02 | [Market Snapshot \| Black Sea tensions spur rally in grains - Pro Farmer](https://feedsoft.ai/events/11262-market-snapshot-black-sea-tensions-spur-rally-in-grains-pro-farmer.md) | -1.2% | -1.1% |
| KWHEAT | 2023-07-20 | [Wheat prices soar as Russia-Ukraine tensions stoke food crisis fears](https://feedsoft.ai/events/35082-wheat-prices-soar-as-russia-ukraine-tensions-stoke-food-crisis-fears.md) | -0.2% | -14.3% |
| KWHEAT | 2022-06-09 | [Wheat futures surge after Russia strikes Ukrainian grain terminal - Fastmarkets](https://feedsoft.ai/events/40980-wheat-futures-surge-after-russia-strikes-ukrainian-grain-terminal-fastmarkets.md) | -1.9% | -17.7% |
| KWHEAT | 2026-07-16 | [Grains Report 07/16/2026 - Market InsightsMarket Insights](https://feedsoft.ai/events/9564-grains-report-07-16-2026-market-insightsmarket-insights.md) | +6.0% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/europe/markets-stagger-russia-sanctions-intensify-2022-03-08/

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