# What goes up has to come down | Farm Weekly | WA

> Marketcheck's Nick Crundall says global wheat, corn and soybean prices rose materially over the past six weeks, driven by a poor Brazilian corn crop and strong Chinese demand. He notes Dec-21 CBOT wheat traded near $358/t and MATIF Nov-21 rapeseed topped $840/t, and urges Australian growers to hedge new-season wheat and canola.

- Date: 2021-05-27 · published 2021-05-27T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/47139-what-goes-up-has-to-come-down-farm-weekly-wa
- 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)

## Why it matters

A tight global feed complex and strong Chinese demand support prices, so Australian growers face a chance to lock in higher forward prices before any correction.

## Read by commodity

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

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/7270057/what-goes-up-has-to-come-down/

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