# Chicago soybeans at historical highs versus corn ahead of 2024 season | Reuters

> Chicago soybean prices are at historically high levels relative to corn ahead of the 2024 season. The price gap is slightly larger than in 2016, a year that preceded overproduction of US soybeans.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34596-chicago-soybeans-at-historical-highs-versus-corn-ahead-of-2024-season-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A wide soybean-to-corn price ratio tends to shift planting toward soybeans, which could build future supply and weigh on soybean and meal prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/chicago-soybeans-historical-highs-versus-corn-ahead-2024-season-2023-08-30/

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