# Tightening supplies drive prices higher for major U.S. commodities | Economic Research Service

> Futures prices for wheat, corn and soybeans have trended upward since August 2020, accelerating in early 2021. Nearby hard red winter wheat rose 13% and corn and soybeans each rose about 23% in the 30 days before the January WASDE report.

- Date: 2021-02-10 · published 2021-02-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48656-tightening-supplies-drive-prices-higher-for-major-u-s-commodities-economic
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Tightening US supplies, strong export demand led by China, and dryness in South America have pushed grain prices higher. Feed buyers face higher costs for corn, soybeans and wheat.

## Read by commodity

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

## Sources

- ers.usda.gov: https://ers.usda.gov/data-products/charts-of-note/chart-detail?chartId=100440

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