# EU wheat, rapeseed at fresh highs in grain surge - Markets - Business Recorder

> Euronext September milling wheat settled up 3.5% at 220.75 euros a tonne, setting new contract highs, and rapeseed also hit records. Chicago wheat rose above $7 a bushel, while US corn and soybeans jumped their daily limits on cold weather concerns.

- Date: 2021-04-23 · published 2021-04-23T12:00:00.000Z
- Category: weather · region Europe · magnitude high
- Page: https://feedsoft.ai/events/10292-eu-wheat-rapeseed-at-fresh-highs-in-grain-surge-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Cold weather in the US and supply worries are lifting European and US grain benchmarks, raising feed wheat and oilseed meal costs. Rapeseed strength supports canola and rapeseed meal values.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-04-29 | 5 | +13.6% | 3.8 | US corn and soybeans jumped daily limits on cold weather concerns, supporting the rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-02-16 | [Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder](https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder.md) | +1.3% | +0.2% |
| WHEAT | 2021-10-26 | [Paris wheat at highest since 2008 as tight supply in focus - Markets - Business Recorder](https://feedsoft.ai/events/44580-paris-wheat-at-highest-since-2008-as-tight-supply-in-focus-markets-business.md) | +10.4% | +9.4% |
| WHEAT | 2021-09-14 | [Paris wheat and rapeseed rally on Canada crop forecasts - Markets - Business Recorder](https://feedsoft.ai/events/45015-paris-wheat-and-rapeseed-rally-on-canada-crop-forecasts-markets-business.md) | -3.3% | +4.8% |
| WHEAT | 2024-03-25 | [Wheat hits 3-week high on French crop worries - Markets - Business Recorder](https://feedsoft.ai/events/31240-wheat-hits-3-week-high-on-french-crop-worries-markets-business-recorder.md) | -0.6% | +1.9% |
| WHEAT | 2024-04-23 | [Chicago wheat futures extend gains - Markets - Business Recorder](https://feedsoft.ai/events/12141-chicago-wheat-futures-extend-gains-markets-business-recorder.md) | -1.3% | +22.1% |
| CORN | 2021-02-16 | [Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder](https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder.md) | +1.5% | -3.8% |
| CORN | 2021-10-26 | [Paris wheat at highest since 2008 as tight supply in focus - Markets - Business Recorder](https://feedsoft.ai/events/44580-paris-wheat-at-highest-since-2008-as-tight-supply-in-focus-markets-business.md) | +8.0% | +9.6% |
| CORN | 2024-04-23 | [Chicago wheat futures extend gains - Markets - Business Recorder](https://feedsoft.ai/events/12141-chicago-wheat-futures-extend-gains-markets-business-recorder.md) | -0.1% | +4.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40087292

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