# Surprising Rally in Grain Prices - MinnStar Bank

> Corn and soybean markets showed a surprising spring rally in mid-April, with CBOT May soybeans closing at $9.56 a bushel on April 15, the highest nearby close in over seven months. Cash soybean prices in Southern Minnesota also rose sharply. The rally came despite large projected 2015-16 ending stocks, driven by South American crop concerns, a possible U.S. summer drought and firmer export demand.

- Date: 2016-04-18 · published 2016-04-18T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/7720-surprising-rally-in-grain-prices-minnstar-bank
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Concerns over South American crops and a possible U.S. drought are lifting soybean and corn prices, raising feed input costs for buyers. Large ending stocks limit how far the rally can extend.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- minnstarbank.com: https://www.minnstarbank.com/2016/04/18/surprising-rally-grain-prices/

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