# Soybean's price surge draws extra planting interest - Agweek | #1 source for agriculture news, farming, markets

> Soybean prices have rallied sharply, prompting more U.S. farmers to consider planting soybeans this spring. The average U.S. soybean price rose from $8.28 per bushel in May 2020 to $10.90 in January 2021, the highest since late 2014. Corn and wheat prices have also risen, making acreage forecasts uncertain.

- Date: 2021-03-15 · published 2021-03-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48148-soybean-s-price-surge-draws-extra-planting-interest-agweek-1-source-for
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected acreage growth in soybeans would increase future supply, which could ease prices later. Higher corn and wheat prices compete for acres and add uncertainty to supply outlooks.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Sources

- agweek.com: https://www.agweek.com/business/soybeans-price-surge-draws-extra-planting-interest

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