# Corn highest since 2013, soy tops $15 and wheat over $7 on supply fears | Financial Post

> CBOT corn, wheat and soybean futures hit multi-year highs on April 22, 2021, with corn and wheat rising their daily limits. July corn traded near $6.31, wheat above $7 and soybeans above $15 a bushel. Traders cited tight old-crop supplies, a U.S. cold spell and dryness in Brazil.

- Date: 2021-04-22 · published 2021-04-22T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/9788-corn-highest-since-2013-soy-tops-15-and-wheat-over-7-on-supply-fears-financial
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tight old-crop stocks and weather threats to next crops push feed grain prices higher, raising feed costs for buyers. Wheat also gains as a feed substitute when corn is expensive.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-06 | [Corn jumps 1.2% to 2013 high on tightening global supplies; wheat firms](https://feedsoft.ai/events/11302-corn-jumps-1-2-to-2013-high-on-tightening-global-supplies-wheat-firms.md) | +4.6% | -1.5% |
| WHEAT | 2021-03-08 | [Soybeans hit highest in almost 7 years on S.American crop worry \| Financial Post](https://feedsoft.ai/events/6559-soybeans-hit-highest-in-almost-7-years-on-s-american-crop-worry-financial-post.md) | -2.8% | -2.7% |
| WHEAT | 2022-01-31 | [Soybeans, corn hit 7-month highs on South American crop worry \| Financial Post](https://feedsoft.ai/events/43158-soybeans-corn-hit-7-month-highs-on-south-american-crop-worry-financial-post.md) | -1.7% | +0.5% |
| WHEAT | 2021-04-26 | [Wheat price rises to highest in eight years on supply concerns \| Seeking Alpha](https://feedsoft.ai/events/47637-wheat-price-rises-to-highest-in-eight-years-on-supply-concerns-seeking-alpha.md) | +3.3% | -0.2% |
| WHEAT | 2021-10-26 | [Paris wheat at highest since 2008 as tight supply in focus - Markets - Business Recorder](https://feedsoft.ai/events/44580-paris-wheat-at-highest-since-2008-as-tight-supply-in-focus-markets-business.md) | +10.4% | +9.4% |
| SOY | 2021-03-08 | [Soybeans hit highest in almost 7 years on S.American crop worry \| Financial Post](https://feedsoft.ai/events/6559-soybeans-hit-highest-in-almost-7-years-on-s-american-crop-worry-financial-post.md) | -1.3% | -1.5% |
| SOY | 2022-01-31 | [Soybeans, corn hit 7-month highs on South American crop worry \| Financial Post](https://feedsoft.ai/events/43158-soybeans-corn-hit-7-month-highs-on-south-american-crop-worry-financial-post.md) | +5.7% | +11.9% |
| SOY | 2021-04-26 | [Wheat price rises to highest in eight years on supply concerns \| Seeking Alpha](https://feedsoft.ai/events/47637-wheat-price-rises-to-highest-in-eight-years-on-supply-concerns-seeking-alpha.md) | +2.0% | -0.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/corn-highest-since-2013-soy-tops-15-and-wheat-over-7-on-supply-fears
- greatamericancrop.com: https://www.greatamericancrop.com/news-resources/article/2021/04/23/soybean-cash-prices-soar-above-15

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