# Oat Prices Reach Record Highs, Economists Aren't Convinced It'll Eat into Corn and Soybean Acres - AgWeb

> Oat prices hit a new record high as drought and planting problems reduced acreage and yields in North America. Spring wheat also traded at its highest level since 2012, and economists discussed whether high oat prices will pull acres from corn and soybeans.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/44607-oat-prices-reach-record-highs-economists-aren-t-convinced-it-ll-eat-into-corn
- Commodities: [Oats](https://feedsoft.ai/c/OATS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight oat and spring wheat supplies support feed and food grain prices, while the question of acreage shifts next spring could affect corn and soybean supply later.

## Read by commodity

- SOY: neutral
- CORN: neutral
- OATS: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| OATS | 2021-12-22 | [Why coffee and oat prices are rising faster than oil’s](https://feedsoft.ai/events/43654-why-coffee-and-oat-prices-are-rising-faster-than-oil-s.md) | +4.3% | -3.9% |
| OATS | 2023-08-09 | [Drought drives big drop in wheat and oat forecast amid long-term shift to corn and soybeans — Spot On South Dakota](https://feedsoft.ai/events/34647-drought-drives-big-drop-in-wheat-and-oat-forecast-amid-long-term-shift-to-corn.md) | +4.6% | +15.6% |
| OATS | 2026-07-17 | [IGC Reports Heatwaves in Europe Lower 2026/27 Global Cereal Harvest; Soybean and Rice Outlooks Adjusted \| Tridge Insights](https://feedsoft.ai/events/18398-igc-reports-heatwaves-in-europe-lower-2026-27-global-cereal-harvest-soybean-and.md) | -2.8% | -5.3% |
| OATS | 2022-01-04 | [Severe weather drives up prices of oats, coffee: Hart \| Department of Economics](https://feedsoft.ai/events/43204-severe-weather-drives-up-prices-of-oats-coffee-hart-department-of-economics.md) | -2.5% | +5.0% |
| OATS | 2022-04-11 | [Oats Hit Record High With Canadian Prairies Staying Dry - Bloomberg](https://feedsoft.ai/events/41890-oats-hit-record-high-with-canadian-prairies-staying-dry-bloomberg.md) | -4.2% | -18.8% |
| WHEAT | 2025-01-29 | [Will the Bull Market in Corn Continue to Pull Up Soybeans and Wheat? - AgWeb](https://feedsoft.ai/events/6895-will-the-bull-market-in-corn-continue-to-pull-up-soybeans-and-wheat-agweb.md) | +0.6% | +1.4% |
| WHEAT | 2026-04-28 | [Corn, Wheat Make Near Term Highs on Global Crop Concerns: Soybeans See Profit Taking - AgWeb](https://feedsoft.ai/events/12287-corn-wheat-make-near-term-highs-on-global-crop-concerns-soybeans-see-profit.md) | -2.0% | +0.6% |
| WHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -1.4% | -1.7% |

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/oat-prices-reach-record-highs-economists-arent-convinced-itll-eat-corn-and-soybean-acres

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