# Corn, Wheat Prices Close Double-digits Higher

> CBOT corn and wheat closed more than 10 cents higher on Monday, with Dec. corn at $5.79 and Dec. wheat up 22 cents at $7.94. Private exporters reported 132,000 metric tons of soybean sales to China for 2021/22 delivery. Analysts cited harvest delays from wet weather and record ethanol demand.

- Date: 2021-11-01 · published 2021-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7310-corn-wheat-prices-close-double-digits-higher
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Harvest delays and firm ethanol demand tighten near-term corn supply, supporting prices. The China soybean sales add modest support to soybeans and meal.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-11-01 | 1 | +4.8% | 4.3 | Reports the Nov. 1 CBOT close with corn more than 10 cents higher, citing harvest delays from wet weather and record ethanol demand, which drove the move directly. |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/crops/corn-prices-give-friendly-welcome-to-the-month-of-november-monday-november-1

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