# Grain FOB prices pushed higher by supply concerns; Soymeal lead the soy complex

> Global corn FOB prices rallied on lackluster South American exports and Ukrainian loadings that are slow to ramp up. Soymeal led the soy complex as Chinese soybean buying and strong China soymeal demand continued, with Argentine export tax cuts failing to boost exports.

- Date: 2020-10-22 · published 2020-10-22T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50711-grain-fob-prices-pushed-higher-by-supply-concerns-soymeal-lead-the-soy-complex
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight South American corn supply and robust Chinese crush demand for soymeal support export prices and feed ingredient costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-23 | [U.S. grains: Export hopes push soy, corn, wheat futures higher - Grainews](https://feedsoft.ai/events/53671-u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher-grainews.md) | -2.4% | -0.3% |
| CORN | 2025-05-08 | [Tight nitrogen supply boosts prices \| The Western Producer](https://feedsoft.ai/events/6760-tight-nitrogen-supply-boosts-prices-the-western-producer.md) | -0.6% | +1.5% |
| CORN | 2020-10-03 | [Strong export demand supports prices for grains - High Plains Journal](https://feedsoft.ai/events/11637-strong-export-demand-supports-prices-for-grains-high-plains-journal.md) | +0.6% | +5.8% |
| CORN | 2021-02-14 | [Export boom leads to higher wheat prices for area farmers](https://feedsoft.ai/events/9250-export-boom-leads-to-higher-wheat-prices-for-area-farmers.md) | -2.1% | +2.7% |
| CORN | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | -1.1% | +3.4% |
| SBM | 2024-02-29 | [Soybean meal prices in Thailand will remain high](https://feedsoft.ai/events/31752-soybean-meal-prices-in-thailand-will-remain-high.md) | -0.3% | -0.6% |
| SBM | 2018-04-12 | [Soybean trade wars won't impact aquaculture immediately, but could lead to higher fishmeal prices - Undercurrent News](https://feedsoft.ai/events/65578-soybean-trade-wars-won-t-impact-aquaculture-immediately-but-could-lead-to.md) | -0.9% | +2.4% |
| SBM | 2021-11-12 | [Soybean meal leads beans, corn higher - Brownfield Ag News](https://feedsoft.ai/events/7050-soybean-meal-leads-beans-corn-higher-brownfield-ag-news.md) | +7.0% | +7.2% |

## Sources

- ajot.com: https://www.ajot.com/news/grain-fob-prices-pushed-higher-by-supply-concerns-soymeal-lead-the-soy-complex

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