# Grain Prices Continue To Defy Gravity | news.cqg.com

> Grain and oilseed futures remained at multi-year highs in late April 2021, with soybeans reaching $16.0875 on the nearby contract, the highest level since July 2013. The analysis points to a rally that began in August 2020 and continued through a steady month of gains.

- Date: 2021-05-02 · published 2021-05-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7707-grain-prices-continue-to-defy-gravity-news-cqg-com
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Multi-year highs in soybeans, corn and HRW wheat reflect tight supplies and strong demand, keeping feed costs elevated for buyers. Overbought conditions raise the risk of corrections even as the trend remains bullish.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- KWHEAT: bullish ▲

## Sources

- news.cqg.com: https://news.cqg.com/blogs/commentary/2021/05/grain-prices-continue-defy-gravity

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