# Midweek Markets: Soybeans soar to seven-year highs

> Planting in much of the Midwest and Plains was paused by rain, snow and cold weather, pushing corn above $6 for the first time in years and soybeans to multiyear highs. Adverse weather overseas and Ukraine-Russia tensions also supported wheat prices.

- Date: 2021-04-21 · published 2021-04-21T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6624-midweek-markets-soybeans-soar-to-seven-year-highs
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Planting delays raise concerns about yield potential and tighten the outlook for feed grains and oilseeds. Continued wet or cold weather would keep prices supported.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-28 | [Soybeans jump over 1% to two-week high as US crop faces heat - Markets - Business Recorder](https://feedsoft.ai/events/8745-soybeans-jump-over-1-to-two-week-high-as-us-crop-faces-heat-markets-business.md) | +2.8% | +5.6% |
| CORN | 2023-02-21 | [Corn near 1-week high on Argentina supply woes, soybeans firm - Markets - Business Recorder](https://feedsoft.ai/events/37347-corn-near-1-week-high-on-argentina-supply-woes-soybeans-firm-markets-business.md) | -4.0% | -5.1% |
| CORN | 2021-05-10 | [Montana Ag Network: Why Wheat Markets Are At 10-Year Highs](https://feedsoft.ai/events/47136-montana-ag-network-why-wheat-markets-are-at-10-year-highs.md) | -6.8% | -6.6% |
| CORN | 2020-10-05 | [Grain Markets Start the Week Higher - ProAg](https://feedsoft.ai/events/11633-grain-markets-start-the-week-higher-proag.md) | +0.6% | +5.8% |
| CORN | 2020-11-06 | [Column: Soybeans blast to 4-year high \| Business \| journalgazette.net](https://feedsoft.ai/events/12428-column-soybeans-blast-to-4-year-high-business-journalgazette-net.md) | -1.6% | +7.2% |
| SOY | 2022-07-28 | [Soybeans jump over 1% to two-week high as US crop faces heat - Markets - Business Recorder](https://feedsoft.ai/events/8745-soybeans-jump-over-1-to-two-week-high-as-us-crop-faces-heat-markets-business.md) | -1.3% | -1.1% |
| SOY | 2018-01-19 | [GRAIN MARKETS: Soybeans step higher on South American weather](https://feedsoft.ai/events/12099-grain-markets-soybeans-step-higher-on-south-american-weather.md) | +2.0% | +5.3% |
| SOY | 2023-02-21 | [Corn near 1-week high on Argentina supply woes, soybeans firm - Markets - Business Recorder](https://feedsoft.ai/events/37347-corn-near-1-week-high-on-argentina-supply-woes-soybeans-firm-markets-business.md) | -0.6% | -2.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/midweek-markets-soybeans-soar-to-seven-year-highs

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