# Cash Soybean Price Spikes Above $15 Per Bushel, Highlighting Unprecedented Demand

> The DTN National Soybean Index, a measure of cash soybean prices, rose to $15.13 per bushel, its highest level since July 2013. Cash bids were strongest in western Corn Belt states such as South Dakota and Nebraska, and the national basis was its strongest in eight years.

- Date: 2021-04-23 · published 2021-04-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11177-cash-soybean-price-spikes-above-15-per-bushel-highlighting-unprecedented-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong cash bids and basis signal robust physical demand for soybeans and corn, which raises feed input costs for buyers. The move reflects market conditions more than a new supply shock.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/04/23/cash-soybean-price-spikes-15-per

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