# Corn, Wheat and Soybean Prices Continue to Surge, China Buys U.S. Corn for Fourth-Quarter Shipment | Farm Policy News | Illinois

> Corn futures in Chicago rose as much as 4.1% to $6.315 a bushel, the highest since 2013, while wheat gained 5.3% and soybeans topped $15 a bushel for the first time since 2014. Bloomberg reported that China bought U.S. corn for fourth-quarter shipment from the coming harvest.

- Date: 2021-04-23 · published 2021-04-23T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/10291-corn-wheat-and-soybean-prices-continue-to-surge-china-buys-u-s-corn-for-fourth
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight global supplies and Chinese buying for future delivery signal firm feed grain costs ahead of the new crop. Buyers should expect elevated corn and soybean meal prices to persist.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-05 | [Phase One Ag Targets Lag, But U.S. Soybean and Corn Exports to China Surge \| Farm Policy News \| Illinois](https://feedsoft.ai/events/49008-phase-one-ag-targets-lag-but-u-s-soybean-and-corn-exports-to-china-surge-farm.md) | +3.1% | +14.6% |
| CORN | 2021-04-21 | [U.S. Soybean Exports to China Swell in March, as Brazil Suspends Corn, Soy Import Duties \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47453-u-s-soybean-exports-to-china-swell-in-march-as-brazil-suspends-corn-soy-import.md) | +14.7% | +11.9% |
| CORN | 2020-07-14 | [China Makes Record U.S. Corn Purchase \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51985-china-makes-record-u-s-corn-purchase-farm-policy-news-illinois.md) | -1.1% | -3.2% |
| CORN | 2023-03-26 | [“A Flurry of Chinese Purchases of U.S. Corn,” as Brazil Seeks Further Ag Trade Opening with China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14855-a-flurry-of-chinese-purchases-of-u-s-corn-as-brazil-seeks-further-ag-trade.md) | +1.6% | -0.0% |
| CORN | 2021-04-22 | [Corn, Soybean Prices Climb, While Record Chinese Corn Imports Expected - Farm Policy News](https://feedsoft.ai/events/6621-corn-soybean-prices-climb-while-record-chinese-corn-imports-expected-farm.md) | +11.6% | +9.8% |
| SOY | 2021-01-05 | [Phase One Ag Targets Lag, But U.S. Soybean and Corn Exports to China Surge \| Farm Policy News \| Illinois](https://feedsoft.ai/events/49008-phase-one-ag-targets-lag-but-u-s-soybean-and-corn-exports-to-china-surge-farm.md) | +4.4% | +2.9% |
| SOY | 2021-04-21 | [U.S. Soybean Exports to China Swell in March, as Brazil Suspends Corn, Soy Import Duties \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47453-u-s-soybean-exports-to-china-swell-in-march-as-brazil-suspends-corn-soy-import.md) | +5.3% | +6.9% |
| SOY | 2026-08-10 | [China Ramping Up US Soybean Purchases \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14559-china-ramping-up-us-soybean-purchases-farm-policy-news-illinois.md) | +1.5% | +11.9% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/04/corn-wheat-and-soybean-prices-continue-to-surge-china-buys-u-s-corn-for-fourth-quarter-shipment/

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