# Morning Market Review for October 8, 2021 - Planter's Co-op

> Corn rose 1-3 cents, soybeans gained 8-12 cents, soymeal rose $0.50 per ton and soyoil rose $0.60 per pound in early trade. Chicago and Kansas City wheat advanced 3-4 cents. USDA data showed Illinois input prices jumped over the prior two weeks because of seasonal demand and Chinese phosphate and urea restrictions.

- Date: 2021-10-08 · published 2021-10-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5912-morning-market-review-for-october-8-2021-planter-s-co-op
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Grain and oilseed moves were modest and routine. The fertilizer cost surge is a background cost factor for the next crop, not a direct new supply shock to feed grains.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- planterscoop.com: https://www.planterscoop.com/story-morning-market-review-october-8-2021-22-218485

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