# High prices nibble at corn's sway as Asian feed buyers switch to wheat

> Chicago corn futures climbed to their highest since June 2013 and are up 37% in 2021, while wheat rose 16% year-to-date to its highest since February 2013. Black Sea milling wheat was quoted near $290/t C&F Asia for August shipment versus corn at roughly $305-310/t.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47649-high-prices-nibble-at-corn-s-sway-as-asian-feed-buyers-switch-to-wheat
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

With corn priced at a premium to wheat, Asian feed buyers are switching to wheat, which caps corn demand and supports wheat feed demand and prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/asia-feedgrain-demand/high-prices-nibble-at-corns-sway-as-asian-feed-buyers-switch-to-wheat-idUSL4N2MJ02L/

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