# Where Ag Fits in Commodity 'Supercycle'

> Corn prices have spiked above $7 per bushel while nearly all commodities rise to multiyear highs together. Lumber is at $1,575 per thousand board feet, nearly five times a year earlier, and crude oil has more than tripled over the past year.

- Date: 2021-05-05 · published 2021-05-05T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7727-where-ag-fits-in-commodity-supercycle
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Broad commodity strength driven by macro forces raises feed costs for livestock and ethanol margins, and the rally's durability is uncertain.

## Read by commodity

- WTI: bullish ▲
- CORN: bullish ▲
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-01 | [Are We Witnessing the Start of a New Commodities Supercycle?](https://feedsoft.ai/events/48022-are-we-witnessing-the-start-of-a-new-commodities-supercycle.md) | +0.1% | +17.6% |
| CORN | 2017-08-24 | [The Assay - Why the FED’S actions are bullish for commodity prices](https://feedsoft.ai/events/69364-the-assay-why-the-fed-s-actions-are-bullish-for-commodity-prices.md) | -3.1% | +0.7% |
| CORN | 2021-04-30 | [Inflationary Signs Are Everywhere In The Commodities Market \| Investing.com](https://feedsoft.ai/events/47516-inflationary-signs-are-everywhere-in-the-commodities-market-investing-com.md) | +5.0% | -2.1% |
| CORN | 2017-02-03 | [LIVESTOCK MARKETS: Commodity bubble to start inflating](https://feedsoft.ai/events/72614-livestock-markets-commodity-bubble-to-start-inflating.md) | -1.2% | +0.6% |
| CORN | 2021-05-06 | [Commodities are buoyant but supply concerns are still a worry \| articles \| ING THINK](https://feedsoft.ai/events/7728-commodities-are-buoyant-but-supply-concerns-are-still-a-worry-articles-ing-think.md) | +0.6% | -5.8% |
| WTI | 2021-03-03 | [Re-assessing the commodity-FX relation \| articles \| ING THINK](https://feedsoft.ai/events/12207-re-assessing-the-commodity-fx-relation-articles-ing-think.md) | +7.2% | +1.4% |
| WTI | 2018-01-29 | [Commodities: “America First” agenda late in the cycle spells good news – TDS — Octa](https://feedsoft.ai/events/66894-commodities-america-first-agenda-late-in-the-cycle-spells-good-news-tds-octa.md) | -1.1% | -3.6% |
| WTI | 2021-05-06 | [Commodities are buoyant but supply concerns are still a worry \| articles \| ING THINK](https://feedsoft.ai/events/7728-commodities-are-buoyant-but-supply-concerns-are-still-a-worry-articles-ing-think.md) | +0.6% | +4.8% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/05/05/ag-fits-commodity-supercycle

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