# U.S. grains: Soybeans climb as soymeal surges - Grainews

> U.S. soybean futures rose about 2% on Friday, led by a sharp rally in soymeal tied to technical buying, brisk feed demand and logistical hurdles. U.S. wheat futures hit their highest in nearly nine years, with December wheat reaching $8.26-3/4 a bushel.

- Date: 2021-11-13 · published 2021-11-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7046-u-s-grains-soybeans-climb-as-soymeal-surges-grainews
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong soymeal demand from feed rations, possibly including more meal use in place of corn, supports the protein complex and raises feed input costs for buyers. Tight global grain supplies lift wheat and corn as well.

## Read by commodity

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

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soybeans-climb-as-soymeal-surges/

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