# U.S. grains: Soy futures touch new four-year top - Country Guide

> US soybean futures reached a new four-year high after Pfizer reported positive late-stage COVID-19 vaccine trial data, which lifted hopes for a faster economic recovery. Soybeans were also supported by strong Chinese demand and South American weather risks, while wheat slipped.

- Date: 2020-11-09 · published 2020-11-09T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/12429-u-s-grains-soy-futures-touch-new-four-year-top-country-guide
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Broader risk sentiment and expected Chinese buying support soybean prices, which also feed into soymeal costs for feed buyers.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-09-16 | [U.S. grains: Corn, soy, wheat futures rise as dollar sags; crop yields eyed - Grainews](https://feedsoft.ai/events/6851-u-s-grains-corn-soy-wheat-futures-rise-as-dollar-sags-crop-yields-eyed-grainews.md) | -3.0% | -3.4% |
| SOY | 2018-01-28 | [U.S. dollar impacts grain prices - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/67028-u-s-dollar-impacts-grain-prices-agweek-1-source-for-agriculture-news-farming.md) | -0.7% | +4.9% |
| SOY | 2020-11-05 | [What’s fueling China’s thirst for U.S. corn and soybeans?](https://feedsoft.ai/events/50020-what-s-fueling-china-s-thirst-for-u-s-corn-and-soybeans.md) | +6.0% | +8.3% |
| SOY | 2020-04-01 | [U.S. livestock: Cattle, hogs limit down on coronavirus fears - Grainews](https://feedsoft.ai/events/6601-u-s-livestock-cattle-hogs-limit-down-on-coronavirus-fears-grainews.md) | -3.5% | -6.1% |
| SOY | 2020-06-05 | [GRAINS-Wheat falls as dollar bounces; soy firms on export business — Spot On Oklahoma](https://feedsoft.ai/events/9494-grains-wheat-falls-as-dollar-bounces-soy-firms-on-export-business-spot-on.md) | -0.2% | +2.9% |
| WHEAT | 2017-10-27 | [U.S. grains: Wheat futures sink as dollar rallies - Grainews](https://feedsoft.ai/events/68496-u-s-grains-wheat-futures-sink-as-dollar-rallies-grainews.md) | -4.0% | -5.9% |
| WHEAT | 2020-09-21 | [U.S. grains: Wheat, soy, corn fall sharply on fund selling - Grainews](https://feedsoft.ai/events/11765-u-s-grains-wheat-soy-corn-fall-sharply-on-fund-selling-grainews.md) | -1.9% | +7.9% |
| WHEAT | 2017-10-29 | [U.S. dollar pressuring grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68485-u-s-dollar-pressuring-grains-agweek-1-source-for-agriculture-news-farming.md) | -3.8% | -5.6% |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-grains-soy-futures-touch-new-four-year-top/

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