# Tight supplies fuel gains in soybeans, corn - Brownfield Ag News

> Soybeans rallied sharply on commercial and technical buying, with November 2021 and January 2022 contracts above $14. Tight supply, strong domestic crush and global vegetable oil demand supported prices, while Brazilian crop concerns lifted corn as well. Argentina's soybean harvest was 53% complete versus a 66% five-year average.

- Date: 2021-05-07 · published 2021-05-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47126-tight-supplies-fuel-gains-in-soybeans-corn-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tight old-crop supply and slow Argentine harvest progress support soybean and corn prices, raising feed ingredient costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/tight-supplies-fuel-gains-in-soybeans-corn/

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