# Soya bean prices rise to four-year high  - 06 November 2020 Premium

> Soybean prices rose to a four-year high as governments rebuilt stocks amid fears of COVID-related trade disruption and China restocked its hog herd after African swine fever. Dry weather in South America and Brazil and Argentina also cut output expectations, and Chicago December corn rose above $11 per bushel.

- Date: 2020-11-06 · published 2020-11-06T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12426-soya-bean-prices-rise-to-four-year-high-06-november-2020-premium
- 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 import demand from China and restocking by importers push up soybean and corn prices, raising feed costs for buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-02-05 | [China Faces Higher Prices for Further U.S. Soybean Buys to Please Trump](https://feedsoft.ai/events/14600-china-faces-higher-prices-for-further-u-s-soybean-buys-to-please-trump.md) | +2.9% | +6.5% |
| SOY | 2020-12-22 | [Commodities 2021: US soybean prices likely to rise on high exports, tight stocks \| S&P Global](https://feedsoft.ai/events/49680-commodities-2021-us-soybean-prices-likely-to-rise-on-high-exports-tight-stocks.md) | +4.2% | +10.2% |
| SOY | 2018-05-22 | [Soy Bean Prices Soar Thanks To Tariff Tone Down](https://feedsoft.ai/events/65053-soy-bean-prices-soar-thanks-to-tariff-tone-down.md) | +0.5% | -13.3% |
| SOY | 2025-10-31 | [Soybeans Rise to 15-Month Highs](https://feedsoft.ai/events/22450-soybeans-rise-to-15-month-highs.md) | +0.0% | +4.3% |
| SOY | 2021-05-13 | [China's record soybean demand forecast to support prices till 2022: sources](https://feedsoft.ai/events/47090-china-s-record-soybean-demand-forecast-to-support-prices-till-2022-sources.md) | -7.4% | -7.0% |
| CORN | 2024-08-12 | [China's corn imports from US set to rise 67.6% in 2024-25 on higher Brazilian prices](https://feedsoft.ai/events/14725-china-s-corn-imports-from-us-set-to-rise-67-6-in-2024-25-on-higher-brazilian.md) | -1.6% | +1.4% |
| CORN | 2021-01-27 | [The sharp rise in prices of soybean oil will support prices for sunflower oil and sunflower](https://feedsoft.ai/events/49249-the-sharp-rise-in-prices-of-soybean-oil-will-support-prices-for-sunflower-oil.md) | +1.9% | -0.6% |
| CORN | 2019-12-31 | [Soybean, wheat futures end year modestly higher - Brownfield Ag News](https://feedsoft.ai/events/55615-soybean-wheat-futures-end-year-modestly-higher-brownfield-ag-news.md) | -0.6% | +0.1% |

## Sources

- farmersjournal.ie: https://www.farmersjournal.ie/news/news/soya-bean-prices-rise-to-four-year-high-582478

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