# Wheat price rises to highest in eight years on supply concerns | Seeking Alpha

> Wheat futures rose to their highest level in eight years on April 26, 2021, joining corn and soybeans at multi-year highs. Adverse weather across the Americas and Europe threatened production while stockpiles remained tight.

- Date: 2021-04-26 · published 2021-04-26T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47637-wheat-price-rises-to-highest-in-eight-years-on-supply-concerns-seeking-alpha
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weather-driven production risk combined with depleted stocks and strong Chinese grain demand supports wheat prices and raises feed-grain costs for buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-11-22 | [Wheat soars to 9-year peak on supply concerns, strong demand \| Reuters](https://feedsoft.ai/events/44080-wheat-soars-to-9-year-peak-on-supply-concerns-strong-demand-reuters.md) | -0.1% | -3.6% |
| WHEAT | 2021-04-26 | [Corn futures jump to a 7-year high on supply concerns](https://feedsoft.ai/events/9399-corn-futures-jump-to-a-7-year-high-on-supply-concerns.md) | +3.3% | -0.2% |
| WHEAT | 2022-04-13 | [U.S. Hard Red Winter Wheat in Drought Adds Supply Concerns](https://feedsoft.ai/events/41905-u-s-hard-red-winter-wheat-in-drought-adds-supply-concerns.md) | -0.5% | +6.1% |
| WHEAT | 2021-04-22 | [Corn highest since 2013, soy tops $15 and wheat over $7 on supply fears \| Financial Post](https://feedsoft.ai/events/9788-corn-highest-since-2013-soy-tops-15-and-wheat-over-7-on-supply-fears-financial.md) | +3.9% | +0.9% |
| WHEAT | 2023-10-09 | [Wheat rises as dry weather fans fears of tighter supply](https://feedsoft.ai/events/33576-wheat-rises-as-dry-weather-fans-fears-of-tighter-supply.md) | +5.3% | +5.3% |
| CORN | 2021-11-22 | [Wheat soars to 9-year peak on supply concerns, strong demand \| Reuters](https://feedsoft.ai/events/44080-wheat-soars-to-9-year-peak-on-supply-concerns-strong-demand-reuters.md) | -1.8% | -0.1% |
| CORN | 2021-04-26 | [Corn futures jump to a 7-year high on supply concerns](https://feedsoft.ai/events/9399-corn-futures-jump-to-a-7-year-high-on-supply-concerns.md) | +13.6% | +6.9% |
| CORN | 2021-04-22 | [Corn highest since 2013, soy tops $15 and wheat over $7 on supply fears \| Financial Post](https://feedsoft.ai/events/9788-corn-highest-since-2013-soy-tops-15-and-wheat-over-7-on-supply-fears-financial.md) | +11.6% | +9.8% |

## Sources

- seekingalpha.com: https://seekingalpha.com/news/3685533-wheat-price-rises-to-highest-in-eight-years-on-supply-concerns

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