# Soybean Surge Continues | Feed & Grain

> Soybeans rose about 15 cents and wheat about 7 cents in the morning break after a technical breakout and a surging spot soymeal market. Concerns about Australian wheat output falling up to 5% on dry weather, plus purchases by Taiwan millers and Iran's government of U.S. wheat and Black Sea feed barley, supported prices. U.S. harvest progress was in line with expectations.

- Date: 2020-10-02 · published 2020-10-02T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/12134-soybean-surge-continues-feed-and-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower Australian wheat supply and firm import demand from Iran and Taiwan tighten feed grain balances. These factors support higher prices for wheat and barley used in feed.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-10-28 | [Cops Analysis \| Soymeal continues to surge - Pro Farmer](https://feedsoft.ai/events/4787-cops-analysis-soymeal-continues-to-surge-pro-farmer.md) | +4.9% | +5.2% |
| SOY | 2020-11-30 | [Drought Continues to Hamper Brazil's Corn, Soybean Growing Season](https://feedsoft.ai/events/50007-drought-continues-to-hamper-brazil-s-corn-soybean-growing-season.md) | -2.4% | +5.3% |
| SOY | 2020-04-08 | [Continues the speculative rise in prices for soybean and sunflower oil](https://feedsoft.ai/events/53736-continues-the-speculative-rise-in-prices-for-soybean-and-sunflower-oil.md) | -1.5% | -2.8% |
| SOY | 2022-02-10 | [La Nina Continues to Affect South American Corn and Soybeans](https://feedsoft.ai/events/13744-la-nina-continues-to-affect-south-american-corn-and-soybeans.md) | -0.5% | +6.6% |
| SOY | 2022-02-28 | [Soybean Prices Rise as South American Drought Reduces Harvest \| Feed & Grain](https://feedsoft.ai/events/14055-soybean-prices-rise-as-south-american-drought-reduces-harvest-feed-and-grain.md) | +5.4% | +7.5% |
| WHEAT | 2018-03-02 | [Wheat futures surge - Grain Central](https://feedsoft.ai/events/12430-wheat-futures-surge-grain-central.md) | +0.5% | -0.4% |
| WHEAT | 2018-07-28 | [Grain price: Rise continues; low supply a cause for concern - Agriland.ie](https://feedsoft.ai/events/12411-grain-price-rise-continues-low-supply-a-cause-for-concern-agriland-ie.md) | -1.2% | -1.7% |
| WHEAT | 2018-07-31 | [Prices for barley in Ukraine continue to grow](https://feedsoft.ai/events/12408-prices-for-barley-in-ukraine-continue-to-grow.md) | +4.1% | +1.3% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15401305/soybean-surge-continues

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