# Soybeans, corn start 2021 on strong note, at 6-1/2 year high

> Chicago soybean futures started 2021 with a bullish tone, climbing to their highest since June 2014 on Monday. Tightening South American supplies and strong Chinese demand supported prices.

- Date: 2021-01-04 · published 2021-01-04T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11542-soybeans-corn-start-2021-on-strong-note-at-6-1-2-year-high
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight South American supplies and firm Chinese buying leave less soybean supply available to feed buyers, pointing to higher soybean and meal costs.

## Read by commodity

- SOY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/global-grains/grains-soybeans-corn-start-2021-on-strong-note-at-6-1-2-year-high-idINL4N2JF0EX/

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