# Surging corn prices, high demand push wheat near $8 a bushel | East Oregonian

> Soft white wheat traded near $8 per bushel on the Portland market, with Friday prices ranging from $6.65 to $7.90. Merchants attributed the rise to a rally in corn and tight old-crop wheat stocks, and noted that China has been buying US wheat for feed.

- Date: 2021-05-03 · published 2021-05-03T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/7704-surging-corn-prices-high-demand-push-wheat-near-8-a-bushel-east-oregonian
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Wheat priced above corn as a feed grain pulls demand into the feed sector and supports wheat values. Corn strength pushing wheat higher signals broader tightness in feed grains.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- eastoregonian.com: https://eastoregonian.com/2021/05/03/surging-corn-prices-high-demand-push-wheat-near-8-a-bushel/

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