# Soybean Futures Hit $16, While Inflation Concerns Persist and Shipping Costs Rise

> Soybean futures touched $16 per bushel in Chicago on May 11, 2021, the highest since 2012, as Chinese demand and weather concerns in key growing areas raised supply fears. ADM also announced a North Dakota soy-crushing and refining plant, and renewable diesel demand is growing.

- Date: 2021-06-01 · published 2021-06-01T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/47125-soybean-futures-hit-16-while-inflation-concerns-persist-and-shipping-costs-rise
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising crush capacity and biofuel-driven oil demand support soybean prices and increase soymeal output, shaping feed input costs over coming years.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/05/soybean-futures-hit-16-while-inflation-concerns-persist-and-shipping-costs-rise/

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