# U.S. soy futures firm to highest since 2016, corn hits 14-1/2-month high

> CBOT soybean futures reached their highest level since 2016 and corn hit a 14.5-month high. Strong export sales were led by China, which bought 1.222 million tonnes of soybeans in the week. Weekly corn export sales totaled 1.832 million tonnes, with China accounting for 433,500 tonnes.

- Date: 2020-10-22 · published 2020-10-22T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5719-u-s-soy-futures-firm-to-highest-since-2016-corn-hits-14-1-2-month-high
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Chinese buying of U.S. soybeans and corn tightens export supplies and supports prices for soybean meal and feed grains. Feed buyers should expect firm input costs.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2020-10-26 | 1 | +4.2% | 5.9 | Strong weekly export sales to China, including 1.832 million tonnes of corn, boosted demand expectations and pushed corn to a 14.5-month high ahead of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-03-13 | [Chicago soybean futures hit their highest since mid-2024](https://feedsoft.ai/events/20356-chicago-soybean-futures-hit-their-highest-since-mid-2024.md) | -3.7% | -3.1% |
| SOY | 2019-12-26 | [U.S. soybean futures reach highest price since June 2018 \| Financial Post](https://feedsoft.ai/events/55626-u-s-soybean-futures-reach-highest-price-since-june-2018-financial-post.md) | +0.8% | -3.7% |
| SOY | 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) | -0.4% | +1.4% |
| SOY | 2020-10-20 | [U.S. corn, soy futures rise on strong exports; wheat firm on weather woes \| Financial Post](https://feedsoft.ai/events/50664-u-s-corn-soy-futures-rise-on-strong-exports-wheat-firm-on-weather-woes.md) | +3.2% | +9.4% |
| SOY | 2020-08-03 | [U.S. wheat futures fall on U.S. export woes; corn, soybeans firm \| Financial Post](https://feedsoft.ai/events/51658-u-s-wheat-futures-fall-on-u-s-export-woes-corn-soybeans-firm-financial-post.md) | -3.0% | +5.9% |
| CORN | 2020-10-23 | [Corn Futures Extend Rally to 14-Month High on U.S. Export Demand](https://feedsoft.ai/events/5712-corn-futures-extend-rally-to-14-month-high-on-u-s-export-demand.md) | +0.8% | +10.6% |
| CORN | 2020-10-27 | [Corn futures set 14-month high on strong export demand](https://feedsoft.ai/events/5717-corn-futures-set-14-month-high-on-strong-export-demand.md) | -3.7% | +6.9% |
| 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% |

## Sources

- in.marketscreener.com: https://in.marketscreener.com/quote/future/SOYBEANS-FUTURES-S-CBR-FL-4272016/news/U-S-soy-futures-firm-to-highest-since-2016-corn-hits-14-1-2-month-high-31594266/

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