# The Perfect Storm Behind Today's Markets | Iowa Soybean

> Iowa Soybean Association panelist Dustin Johnson described a series of events since 2018, including trade tensions, currency weakness, African swine fever and COVID-19, that combined to push soybean prices to multi-year highs in 2021. Johnson noted South American soybean production has grown strongly, and farmers said the market now offers more direction, though some remain unsure whether prices have peaked.

- Date: 2021-05-27 · published 2021-05-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47122-the-perfect-storm-behind-today-s-markets-iowa-soybean
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong South American output offsets some tightness, but persistent crush demand and past disruptions keep soybean prices supported, which matters for soymeal costs in feed rations.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- iasoybeans.com: https://www.iasoybeans.com/newsroom/article/the-perfect-storm-behind-the-market

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