# Strong grain prices set to continue until at least mid-2021 | Farm Online | ACT

> Rabobank's annual outlook expects agricultural commodity prices, including soybeans, corn and wheat, to stay firm at least until mid-2021. La Nina is linked to drought risk in South America and wheat prices have reached their highest since 2014.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5273-strong-grain-prices-set-to-continue-until-at-least-mid-2021-farm-online-act
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Forecast firm prices and South American drought risk from La Nina support feed grain and soymeal costs for buyers into 2021.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-30 | [International grain markets catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/8255-international-grain-markets-catch-fire-farm-online-act.md) | -0.3% | +2.6% |
| SOY | 2022-07-01 | [La Nina to Continue Through 2022 Growing Season](https://feedsoft.ai/events/40393-la-nina-to-continue-through-2022-growing-season.md) | -2.7% | -2.3% |
| SOY | 2022-07-26 | [La Nina having 'significant effect' on Argentine corn, wheat hopes - Grain Price News](https://feedsoft.ai/events/40395-la-nina-having-significant-effect-on-argentine-corn-wheat-hopes-grain-price-news.md) | +8.2% | +3.7% |
| SOY | 2022-08-31 | [World faces 'triple dip' La Nina, UN says - stoking ag market worries - Grain Price News](https://feedsoft.ai/events/39963-world-faces-triple-dip-la-nina-un-says-stoking-ag-market-worries-grain-price.md) | -3.1% | -6.9% |
| SOY | 2022-04-04 | [Persistent La Niña only needs to last until June to promote drought \| World Grain](https://feedsoft.ai/events/41772-persistent-la-nina-only-needs-to-last-until-june-to-promote-drought-world-grain.md) | +6.7% | +5.8% |
| CORN | 2026-08-18 | [Australian urea price drops 9pc to $724/t, easing farm costs \| Farm Online \| ACT](https://feedsoft.ai/events/18195-australian-urea-price-drops-9pc-to-724-t-easing-farm-costs-farm-online-act.md) | +3.7% | +7.7% |
| CORN | 2022-09-23 | [Prolonged rainfall continues to raise sunflower prices in Ukraine 23.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/39702-prolonged-rainfall-continues-to-raise-sunflower-prices-in-ukraine-23-09-2022.md) | -3.1% | +1.5% |
| CORN | 2019-05-30 | [International grain markets catch fire \| Farm Online \| ACT](https://feedsoft.ai/events/8255-international-grain-markets-catch-fire-farm-online-act.md) | -0.9% | +6.0% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/7040573/strong-grain-prices-set-to-continue/

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