# Agriculture Prices Soar Alongside Bulkship Rates

> The Bloomberg Agriculture Spot Index posted its largest surge in almost nine years in the week to April 26, driven by a rally in wheat, corn and soybean futures. Bulk ship rates and related ETFs rose alongside, and the FAO said global food prices were at their highest since mid-2014.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47801-agriculture-prices-soar-alongside-bulkship-rates
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Broad grain and oilseed price gains raise feed ingredient costs for livestock buyers, and rising freight alongside amplifies landed costs.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/agriculture-prices-soar-alongside-bulkship-rates/

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