# U.S. grains: Soybeans set fresh high on supply worries, technical buying - AgCanada

> U.S. soybean futures climbed to fresh 6-1/2-year highs on fund-driven technical buying and concerns about South American supplies. Corn and wheat also closed higher, with wheat reaching its highest benchmark price since 2014.

- Date: 2021-01-05 · published 2021-01-05T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/11549-u-s-grains-soybeans-set-fresh-high-on-supply-worries-technical-buying-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Dry conditions and production worries in Brazil and Argentina tighten global supply, supporting soybean, corn and wheat prices for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | +0.4% | +0.7% |
| SOY | 2019-01-23 | [U.S. grains: Soybeans firm on South America weather worries - AgCanada](https://feedsoft.ai/events/7654-u-s-grains-soybeans-firm-on-south-america-weather-worries-agcanada.md) | +1.1% | -0.7% |
| SOY | 2017-05-19 | [U.S. grains: Corn hits one-week high on weather worries - AgCanada](https://feedsoft.ai/events/7590-u-s-grains-corn-hits-one-week-high-on-weather-worries-agcanada.md) | -0.6% | -0.6% |
| SOY | 2022-01-05 | [U.S. grains: Soybeans up with session peak highest since July - AgCanada](https://feedsoft.ai/events/5774-u-s-grains-soybeans-up-with-session-peak-highest-since-july-agcanada.md) | -0.1% | +12.1% |
| SOY | 2019-08-30 | [U.S. grains: Corn, soy set one-week highs on weather concerns - AgCanada](https://feedsoft.ai/events/5702-u-s-grains-corn-soy-set-one-week-highs-on-weather-concerns-agcanada.md) | -1.3% | +3.1% |
| CORN | 2018-05-22 | [U.S. grains: Wheat rallies on Plains dryness, technical buying - AgCanada](https://feedsoft.ai/events/10917-u-s-grains-wheat-rallies-on-plains-dryness-technical-buying-agcanada.md) | +0.7% | -7.9% |
| CORN | 2021-07-14 | [U.S. grains: Corn, soybeans up on weather worries - AgCanada](https://feedsoft.ai/events/45918-u-s-grains-corn-soybeans-up-on-weather-worries-agcanada.md) | -9.8% | -13.0% |
| CORN | 2017-05-19 | [U.S. grains: Corn hits one-week high on weather worries - AgCanada](https://feedsoft.ai/events/7590-u-s-grains-corn-hits-one-week-high-on-weather-worries-agcanada.md) | +1.3% | +2.6% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soybeans-set-fresh-high-on-supply-worries-technical-buying

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