# Pop in corn prices could signal more cost spikes ahead

> Corn prices have risen 16% so far in April, the largest monthly gain since May 2019, and are up 43.7% year to date. Strong Chinese demand tied to African swine fever herd losses, plus poor weather in South America and the U.S. Midwest, drive the rally.

- Date: 2021-04-28 · published 2021-04-28T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/9402-pop-in-corn-prices-could-signal-more-cost-spikes-ahead
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Corn is a major feed input, so continued gains raise livestock and meat production costs for feed buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- axios.com: https://www.axios.com/2021/04/28/corn-prices-inflation

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