# Surging U.S. grain futures confuse traders, delight farmers - Agweek | #1 source for agriculture news, farming, markets

> U.S. corn and soybean futures jumped sharply on Wednesday after months of sluggish trade, with the July soybean contract topping $10 a bushel and July corn topping $4. Traders attributed the surge to commodity fund buying and exporters seeking alternatives to South American supplies. Some traders warned the soybean rally could be short-lived given a sharp rise in near-term premiums.

- Date: 2016-04-21 · published 2016-04-21T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/7717-surging-u-s-grain-futures-confuse-traders-delight-farmers-agweek-1-source-for
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Fund-driven buying and export demand for U.S. supplies push up futures, but a steep rise in near-term premiums suggests the rally may fade and feed costs could reverse. Buyers should watch spreads for signs of a pullback.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- agweek.com: https://www.agweek.com/business/surging-u-s-grain-futures-confuse-traders-delight-farmers

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