# Raw materials of the animal feed products in Spain experience a spike in prices

> Spanish animal feed producers attributed a recent spike in soymeal, rapeseed, corn and wheat prices to tighter grain availability as large producers cut planted acreage during the pandemic. Strong Chinese demand added pressure on grain markets.

- Date: 2020-11-04 · published 2020-11-04T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/50265-raw-materials-of-the-animal-feed-products-in-spain-experience-a-spike-in-prices
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Reduced availability and Chinese buying support higher feed grain and protein input costs for European buyers.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Sources

- tridge.com: https://www.tridge.com/insights/raw-materials-of-the-animal-feed-products-experience-a-general-spike-in-prices

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