# Daily Market Wire 1 November 2021 - Grain Central

> US spring wheat firmed about 1.5% to a 10-year high, and Minneapolis HRS hit its highest since May 2011. Matif wheat traded close to its 2008 all-time high, Winnipeg canola nearby spiked almost 7%, and corn and soybeans also rose.

- Date: 2021-10-31 · published 2021-10-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44585-daily-market-wire-1-november-2021-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A short North American wheat crop and tight high-protein supply lift wheat prices and feed grain costs, with corn and soybean gains adding to feed input pressure.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-11-01 | 5 | +10.3% | 2.9 | Spring wheat hit 10-year highs and Matif wheat approached its all-time high, which spilled over into Chicago. |

## Sources

- graincentral.com: https://www.graincentral.com/markets/daily-market-wire-01-november-2021/

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