# Perspective: Mid-Day Commentary for March 16

> Grain prices fell sharply on March 16 as algorithmic trading reacted to reports of progress in Russia-Ukraine peace talks, with wheat hitting daily limit lows on several exchanges. Corn followed lower, while oilseeds fell less because of drought-reduced South American crops. Feeder cattle futures rose as cheaper feed prices improved the outlook.

- Date: 2022-03-16 · published 2022-03-16T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9945-perspective-mid-day-commentary-for-march-16
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

The selloff reflects headline-driven trading, while the supply shortfall from the war persists. Cheaper grain eases feed costs for cattle feeders, which supports feeder cattle demand.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- FCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-14 | [Ahead of the Open \| March 14, 2022 - Pro Farmer](https://feedsoft.ai/events/5498-ahead-of-the-open-march-14-2022-pro-farmer.md) | -1.8% | +6.6% |
| WHEAT | 2022-11-17 | [Landmark Black Sea grain deal extended for another 120 days: Turkish president](https://feedsoft.ai/events/14442-landmark-black-sea-grain-deal-extended-for-another-120-days-turkish-president.md) | +1.0% | -0.5% |
| WHEAT | 2026-04-21 | [Black Sea Grain Deal: Why Financing Trumps Military Ceasefires \| Physical Commodity Intelligence \| Procurement Institute](https://feedsoft.ai/events/14123-black-sea-grain-deal-why-financing-trumps-military-ceasefires-physical.md) | +1.0% | +2.8% |
| WHEAT | 2022-03-17 | [U.S. grains: May wheats limit-down as peace talks progress - Manitoba Co-operator](https://feedsoft.ai/events/9944-u-s-grains-may-wheats-limit-down-as-peace-talks-progress-manitoba-co-operator.md) | +15.8% | +5.9% |
| WHEAT | 2022-05-31 | [Market Closes - May 31, 2022 - Kentucky Farm Bureau](https://feedsoft.ai/events/6237-market-closes-may-31-2022-kentucky-farm-bureau.md) | -1.4% | -1.3% |
| CORN | 2022-03-14 | [Ahead of the Open \| March 14, 2022 - Pro Farmer](https://feedsoft.ai/events/5498-ahead-of-the-open-march-14-2022-pro-farmer.md) | +1.1% | +10.2% |
| CORN | 2022-11-17 | [Landmark Black Sea grain deal extended for another 120 days: Turkish president](https://feedsoft.ai/events/14442-landmark-black-sea-grain-deal-extended-for-another-120-days-turkish-president.md) | -1.7% | -4.9% |
| CORN | 2026-04-21 | [Black Sea Grain Deal: Why Financing Trumps Military Ceasefires \| Physical Commodity Intelligence \| Procurement Institute](https://feedsoft.ai/events/14123-black-sea-grain-deal-why-financing-trumps-military-ceasefires-physical.md) | +1.3% | +4.8% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/perspective-mid-day-commentary-for-march-16-2022-03-16/

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