# Soybeans Surge Near 9-Year High | Feed & Grain

> Chicago soybeans rose more than 1.5% to their highest in nearly nine years, while corn climbed to its highest since 2013 and wheat was flat. Traders cited shrinking global feed grain supplies and positioning ahead of a USDA supply and demand report due that day.

- Date: 2021-05-12 · published 2021-05-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11984-soybeans-surge-near-9-year-high-feed-and-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tightening feed grain supplies raise corn and soybean meal costs for feed buyers, and the upcoming USDA report could move prices sharply in either direction.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-07-15 | [USDA report highlights Mexico's soybean meal import surge \| Feed & Grain](https://feedsoft.ai/events/29389-usda-report-highlights-mexico-s-soybean-meal-import-surge-feed-and-grain.md) | -3.3% | -9.4% |
| SOY | 2026-05-29 | [Soybeans Rise Toward 2-Year Highs](https://feedsoft.ai/events/19296-soybeans-rise-toward-2-year-highs.md) | -5.4% | -5.7% |
| SOY | 2017-09-29 | [Soybeans edge higher on reports \| Feedstuffs](https://feedsoft.ai/events/68897-soybeans-edge-higher-on-reports-feedstuffs.md) | +0.9% | +1.2% |
| SOY | 2020-11-03 | [Grains, oilseeds prices six-year high: IGC - Grain Central](https://feedsoft.ai/events/50192-grains-oilseeds-prices-six-year-high-igc-grain-central.md) | +5.2% | +10.6% |
| SOY | 2019-07-12 | [Soybeans edge higher, set for weekly gain of nearly 3% \| Financial Post](https://feedsoft.ai/events/58046-soybeans-edge-higher-set-for-weekly-gain-of-nearly-3-financial-post.md) | -1.7% | -3.5% |
| CORN | 2021-05-13 | [Grain Barge Tonnages Reach Record High \| Feed & Grain](https://feedsoft.ai/events/46996-grain-barge-tonnages-reach-record-high-feed-and-grain.md) | -7.7% | -2.2% |
| CORN | 2017-09-29 | [Soybeans edge higher on reports \| Feedstuffs](https://feedsoft.ai/events/68897-soybeans-edge-higher-on-reports-feedstuffs.md) | +3.1% | +2.4% |
| CORN | 2020-11-03 | [Grains, oilseeds prices six-year high: IGC - Grain Central](https://feedsoft.ai/events/50192-grains-oilseeds-prices-six-year-high-igc-grain-central.md) | +0.0% | +8.8% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-handling-processing/news/15387286/soybeans-surge-near-9-year-high

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