# Why prices of commodities, from metals to food, are soaring

> Commodity prices, including copper, steel, corn and lumber, surged early in 2021 to levels not seen in years. Analysts expect the rally to continue as the US economy gets fiscal stimulus and Europe reopens after vaccine rollouts.

- Date: 2021-05-01 · published 2021-05-01T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11301-why-prices-of-commodities-from-metals-to-food-are-soaring
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Broad reflation and reopening demand supports raw material prices, with China's output cuts and buying adding to firmness. Higher input costs feed through to feed grain and energy-linked costs for buyers.

## Read by commodity

- WTI: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-01-27 | [Due to oil prices on the world market, the prices of all commodities are rising – Lider Media](https://feedsoft.ai/events/55169-due-to-oil-prices-on-the-world-market-the-prices-of-all-commodities-are-rising.md) | -1.2% | -1.8% |
| CORN | 2017-08-24 | [The Assay - Why the FED’S actions are bullish for commodity prices](https://feedsoft.ai/events/69364-the-assay-why-the-fed-s-actions-are-bullish-for-commodity-prices.md) | -3.1% | +0.7% |
| CORN | 2021-04-01 | [Are We Witnessing the Start of a New Commodities Supercycle?](https://feedsoft.ai/events/48022-are-we-witnessing-the-start-of-a-new-commodities-supercycle.md) | +0.1% | +17.6% |
| CORN | 2023-03-17 | [As commodity prices slide, dairies brace for collapsing farmgate milk prices](https://feedsoft.ai/events/36864-as-commodity-prices-slide-dairies-brace-for-collapsing-farmgate-milk-prices.md) | -1.0% | +1.3% |
| CORN | 2024-09-24 | [Fresh from the Trading Room: Commodities comeback - CME Group](https://feedsoft.ai/events/5611-fresh-from-the-trading-room-commodities-comeback-cme-group.md) | +1.7% | -0.8% |
| WTI | 2020-01-27 | [Due to oil prices on the world market, the prices of all commodities are rising – Lider Media](https://feedsoft.ai/events/55169-due-to-oil-prices-on-the-world-market-the-prices-of-all-commodities-are-rising.md) | -4.7% | -5.1% |
| WTI | 2021-10-22 | [Global Gas Prices are Soaring to Record Highs. Here's Why.](https://feedsoft.ai/events/11751-global-gas-prices-are-soaring-to-record-highs-here-s-why.md) | +0.2% | -4.4% |
| WTI | 2022-04-28 | [Why diesel prices are driving up the cost of everything](https://feedsoft.ai/events/42030-why-diesel-prices-are-driving-up-the-cost-of-everything.md) | +5.7% | +9.8% |

## Sources

- livemint.com: https://www.livemint.com/market/commodities/why-prices-of-commodities-from-metals-to-food-are-soaring-11619857342043.html

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