# Will soaring US crop prices show up on a grocery shelf near you? | Food News | Al Jazeera

> Wheat, corn and soybean prices are surging to their highest levels since 2013. Dryness in the U.S., Canada and France is hurting wheat, Brazilian corn faces dry weather, and Argentina's soy harvest is disrupted by rain. China is also buying heavily.

- Date: 2021-04-26 · published 2021-04-26T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9403-will-soaring-us-crop-prices-show-up-on-a-grocery-shelf-near-you-food-news-al
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Broad grain strength and Chinese import demand raise feed ingredient costs, with inflation risk spreading to downstream food prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-04-29 | 5 | +13.6% | 3.8 | Brazil dryness and strong Chinese buying drove grains to highest since 2013, a supply and demand tightening. |
| CORN | 2021-04-26 | 1 | +8.4% | 3.7 | Same-day coverage of surging grain prices on dryness in the US and Brazil plus heavy Chinese buying reflects the supply and demand drivers. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-18 | [Corn futures hit decade-high above $8 per bushel on global supply \| Food News \| Al Jazeera](https://feedsoft.ai/events/41873-corn-futures-hit-decade-high-above-8-per-bushel-on-global-supply-food-news-al.md) | +2.1% | -0.0% |
| CORN | 2019-08-02 | [U.S. cows and pigs gorge on bakery rolls, pet food as corn prices surge](https://feedsoft.ai/events/57611-u-s-cows-and-pigs-gorge-on-bakery-rolls-pet-food-as-corn-prices-surge.md) | -1.3% | -7.0% |
| CORN | 2018-07-25 | [U.S. grains: Wheat near limit-up on yield concerns - Grainews](https://feedsoft.ai/events/64067-u-s-grains-wheat-near-limit-up-on-yield-concerns-grainews.md) | +3.5% | +2.0% |
| CORN | 2022-09-22 | [Exchange warns over La Nina, as it slashes Argentine wheat crop to 7-year low - Grain Price News](https://feedsoft.ai/events/39504-exchange-warns-over-la-nina-as-it-slashes-argentine-wheat-crop-to-7-year-low.md) | -2.8% | +1.3% |
| CORN | 2021-08-13 | [How this summer's drought could have you paying high beef prices again next year \| CBC News](https://feedsoft.ai/events/45514-how-this-summer-s-drought-could-have-you-paying-high-beef-prices-again-next.md) | -1.7% | -9.0% |
| WHEAT | 2018-07-28 | [Turning up the heat on food prices - BBC News](https://feedsoft.ai/events/12409-turning-up-the-heat-on-food-prices-bbc-news.md) | -1.2% | -1.7% |
| WHEAT | 2022-04-18 | [Corn futures hit decade-high above $8 per bushel on global supply \| Food News \| Al Jazeera](https://feedsoft.ai/events/41873-corn-futures-hit-decade-high-above-8-per-bushel-on-global-supply-food-news-al.md) | -0.7% | +7.2% |
| WHEAT | 2022-07-28 | [How big will Western Australia's wheat crop be? - Grain Price News](https://feedsoft.ai/events/40444-how-big-will-western-australia-s-wheat-crop-be-grain-price-news.md) | +4.6% | +0.7% |

## Sources

- aljazeera.com: https://www.aljazeera.com/news/2021/4/26/will-soaring-us-crop-prices-show-up-on-a-grocery-shelf-near-you

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