# US grain futures make biggest strides since onset of Ukraine war

> US grain futures rose to their biggest gains since the Ukraine war began, with new-crop soybeans hitting a new year high of $14.28-3/4 on July 19, 2020-style trade. The article is a brief excerpt with limited detail on the drivers.

- Date: 2023-07-20 · published 2023-07-20T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/11940-us-grain-futures-make-biggest-strides-since-onset-of-ukraine-war
- 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

Strong price momentum in new-crop soybeans signals firmer feed protein costs for buyers, driven by geopolitical supply concerns.

## Read by commodity

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

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-grain-futures-make-biggest-strides-since-onset-ukraine-war-2023-07-20/

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