# Insight: Surging U.S. crop prices reverse fortunes in rural Iowa

> Reuters reports that US crop prices have surged and reversed fortunes for farmers in rural Iowa. Chinese purchases after the January 2020 Phase One deal tightened US grain supplies and rallied prices.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47450-insight-surging-u-s-crop-prices-reverse-fortunes-in-rural-iowa
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Sustained Chinese buying has tightened US grain stocks, supporting corn and soybean prices and feeding costs for livestock buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/energy/surging-us-crop-prices-reverse-fortunes-rural-iowa-2021-04-29/

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