# U.S. grains: Prices soar as fund money flows to commodities - AgCanada

> Chicago grain and soy futures jumped as commodity funds bought up to 14,000 corn, 11,000 soybean and 5,500 wheat contracts. Nearby soybeans reached their highest since November 2014 and soybean meal hit its highest since July 2015. The rally extends a two-month run driven by poor weather that has hurt South American harvests.

- Date: 2016-05-17 · published 2016-05-17T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/6786-u-s-grains-prices-soar-as-fund-money-flows-to-commodities-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Fund buying layered on top of South American crop concerns pushes prices higher across corn, soybeans, meal and wheat. Analysts describe the move as capital flow rather than a change in fundamentals, so it could reverse quickly.

## Read by commodity

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

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-prices-soar-as-fund-money-flows-to-commodities

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