# Wheat jumps most in a decade; corn, soybeans firm on supply woes | Financial Post

> Chicago wheat futures rallied to set their biggest one-day gain in a decade after Russia's invasion of Ukraine disrupted supplies from a major exporting region. Corn rose more than 3% and soybeans gained about 2.5%. Ukrainian ports shut down and Russian exports faced new Western sanctions.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/9673-wheat-jumps-most-in-a-decade-corn-soybeans-firm-on-supply-woes-financial-post
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Losing Black Sea wheat and corn supply tightens global grain balances and lifts feed grain prices. Sanctions on Russian exports add further upward pressure on prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-28 | [Wheat up on war worries; corn, soy also firm despite recession fears \| Financial Post](https://feedsoft.ai/events/39646-wheat-up-on-war-worries-corn-soy-also-firm-despite-recession-fears-financial.md) | +1.3% | -10.3% |
| WHEAT | 2022-03-21 | [U.S. wheat, corn, soy rally on concerns about Ukraine-Russia fighting \| Financial Post](https://feedsoft.ai/events/6241-u-s-wheat-corn-soy-rally-on-concerns-about-ukraine-russia-fighting-financial.md) | +15.8% | +5.9% |
| WHEAT | 2022-11-15 | [CME feeder cattle approach one-month low as corn jumps \| Financial Post](https://feedsoft.ai/events/7174-cme-feeder-cattle-approach-one-month-low-as-corn-jumps-financial-post.md) | +1.1% | -1.2% |
| WHEAT | 2019-09-16 | [Corn firms as oil rally offsets good crop weather in U.S. Midwest \| Financial Post](https://feedsoft.ai/events/9438-corn-firms-as-oil-rally-offsets-good-crop-weather-in-u-s-midwest-financial-post.md) | +2.1% | +1.2% |
| 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% |
| CORN | 2022-09-28 | [Wheat up on war worries; corn, soy also firm despite recession fears \| Financial Post](https://feedsoft.ai/events/39646-wheat-up-on-war-worries-corn-soy-also-firm-despite-recession-fears-financial.md) | +1.9% | +4.4% |
| CORN | 2022-03-21 | [U.S. wheat, corn, soy rally on concerns about Ukraine-Russia fighting \| Financial Post](https://feedsoft.ai/events/6241-u-s-wheat-corn-soy-rally-on-concerns-about-ukraine-russia-fighting-financial.md) | +1.5% | +11.2% |
| CORN | 2022-11-15 | [CME feeder cattle approach one-month low as corn jumps \| Financial Post](https://feedsoft.ai/events/7174-cme-feeder-cattle-approach-one-month-low-as-corn-jumps-financial-post.md) | -1.3% | -5.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/wheat-jumps-most-in-a-decade-corn-soybeans-firm-on-supply-woes

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