# The price of wheat has jumped to its highest level since 2012 amid Russia's invasion of Ukraine | Fortune

> Wheat prices rose to their highest level since 2012 after Russia invaded Ukraine. Chicago wheat hit its daily trading limit, and Paris milling wheat traded about 16% higher. Russia and Ukraine together export about 59 million metric tons of wheat each season.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/9676-the-price-of-wheat-has-jumped-to-its-highest-level-since-2012-amid-russia-s
- 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

A large share of world wheat exports is at risk, which pushes up global wheat and feed grain prices. Oilseeds and soybeans also rallied on the same escalation.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-02-24 | [AgriMarketing.com - Wheat Prices Soar Following Russia's Invasion Of Ukraine](https://feedsoft.ai/events/42753-agrimarketing-com-wheat-prices-soar-following-russia-s-invasion-of-ukraine.md) | +6.8% | +25.3% |
| WHEAT | 2022-03-11 | [Overcoming the threats to global food systems from Russia's invasion of Ukraine \| IFPRI](https://feedsoft.ai/events/11340-overcoming-the-threats-to-global-food-systems-from-russia-s-invasion-of-ukraine.md) | -1.0% | +6.3% |
| WHEAT | 2022-01-31 | [Russia-Ukraine Tensions Drive Global Wheat Prices Higher](https://feedsoft.ai/events/43173-russia-ukraine-tensions-drive-global-wheat-prices-higher.md) | -1.7% | +0.5% |
| WHEAT | 2022-03-02 | [Wheat Futures Price Soars to 14-Year High as Russia Invasion Chokes Trade - Bloomberg](https://feedsoft.ai/events/42310-wheat-futures-price-soars-to-14-year-high-as-russia-invasion-chokes-trade.md) | +6.9% | +20.3% |
| WHEAT | 2022-04-27 | [US wheat prices surge in wake of Russia-Ukraine conflict - High Plains Journal](https://feedsoft.ai/events/41903-us-wheat-prices-surge-in-wake-of-russia-ukraine-conflict-high-plains-journal.md) | -1.9% | +0.9% |
| CORN | 2022-03-11 | [Overcoming the threats to global food systems from Russia's invasion of Ukraine \| IFPRI](https://feedsoft.ai/events/11340-overcoming-the-threats-to-global-food-systems-from-russia-s-invasion-of-ukraine.md) | +2.7% | +9.8% |
| CORN | 2022-01-31 | [Russia-Ukraine Tensions Drive Global Wheat Prices Higher](https://feedsoft.ai/events/43173-russia-ukraine-tensions-drive-global-wheat-prices-higher.md) | +0.6% | +6.9% |
| CORN | 2026-07-16 | [Russia and Ukraine strike vessels in Black Sea, wheat prices jump](https://feedsoft.ai/events/7279-russia-and-ukraine-strike-vessels-in-black-sea-wheat-prices-jump.md) | +3.1% | +0.6% |

## Sources

- fortune.com: https://fortune.com/2022/02/24/wheat-supply-putin-russia-ukraine-invasion/

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