# High grain prices alter feeding, trade patterns | Feed Strategy

> Perdue Farms is importing 31,450 metric tons of Brazilian soybeans as US supplies shrink. Brazilian producers are substituting wheat for corn in feed, and China issued guidelines recommending less corn and soymeal in pig and poultry feed.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47677-high-grain-prices-alter-feeding-trade-patterns-feed-strategy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Feed substitution and Chinese formula changes reduce demand for corn and soymeal at the margin, while wheat gains feed demand, which could cap corn and meal prices despite tight supplies.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-12-18 | [U.S. grains: Prices slip after rallying on trade deal - Grainews](https://feedsoft.ai/events/9218-u-s-grains-prices-slip-after-rallying-on-trade-deal-grainews.md) | -0.1% | -1.9% |
| CORN | 2018-10-23 | [China grain imports plunge in September amid trade war with U.S., higher prices](https://feedsoft.ai/events/62397-china-grain-imports-plunge-in-september-amid-trade-war-with-u-s-higher-prices.md) | -0.9% | -5.4% |
| CORN | 2025-08-07 | [Record crop meets trade woes in fall storage crunch \| Feed & Grain](https://feedsoft.ai/events/23389-record-crop-meets-trade-woes-in-fall-storage-crunch-feed-and-grain.md) | -1.1% | +3.9% |
| CORN | 2018-06-26 | [Grain and oilseed prices fall amid trade uncertainty \| 2018-06-26  \| Food Business News](https://feedsoft.ai/events/8581-grain-and-oilseed-prices-fall-amid-trade-uncertainty-2018-06-26-food-business.md) | -2.3% | -3.5% |
| CORN | 2021-03-11 | [Kenyan Poultry Feeding Trials Showcase U.S. Sorghum \| Feed & Grain](https://feedsoft.ai/events/48171-kenyan-poultry-feeding-trials-showcase-u-s-sorghum-feed-and-grain.md) | -7.7% | +3.4% |
| SBM | 2020-12-01 | [Trade War Shifts Feed for U.S. Hogs from DDGs \| Feed & Grain](https://feedsoft.ai/events/49640-trade-war-shifts-feed-for-u-s-hogs-from-ddgs-feed-and-grain.md) | -1.7% | +8.6% |
| SBM | 2018-06-26 | [Grain and oilseed prices fall amid trade uncertainty \| 2018-06-26  \| Food Business News](https://feedsoft.ai/events/8581-grain-and-oilseed-prices-fall-amid-trade-uncertainty-2018-06-26-food-business.md) | -1.0% | -1.2% |
| SBM | 2021-07-13 | [Global Soybean Trade Slows on Weaker China Demand \| Feed & Grain](https://feedsoft.ai/events/46110-global-soybean-trade-slows-on-weaker-china-demand-feed-and-grain.md) | +1.2% | +1.2% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/latest-news/article/15442171/high-grain-prices-alter-feeding-trade-patterns

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