# Corn and Soybeans Near Record Prices, Push Food Costs Higher

> Corn and soybean prices have risen nearly to record levels, signaling higher food inflation ahead. Global food prices had already hit records after Russia invaded Ukraine in late February. Poor South American harvests, planting weather problems in the U.S., and rising biofuel demand threaten to tighten inventories further.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41877-corn-and-soybeans-near-record-prices-push-food-costs-higher
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tightening grain and oilseed stocks support feed ingredient prices and raise input costs for feed buyers. Expect continued upward pressure on corn and soybean complex prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- wsj.com: https://www.wsj.com/articles/corn-and-soybeans-near-record-prices-push-food-costs-higher-11651092056

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