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Markets on February 24 showed large intraday swings as the invasion of Ukraine hit. Crude oil traded up to 9.2% higher before closing only 0.8% higher.
Spring wheat hit an intraday high near $11 a bushel and closed about 2.9% higher, while soybeans and soymeal gave up early gains. The Canadian dollar also hit its weakest level in over a month.
The session shows that war-related headlines drove sharp but unstable moves in energy and grains. Buyers should expect continued volatility in feed input prices.
dtnpf.comCliff JamiesonFeb 24, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
