# Crop Prices Soar to 8-Year High, Renewing Food Inflation Fears - Bloomberg

> Wheat, corn and soybeans surged to their highest levels in about eight years, lifting global crop prices. Some analysts warned that a speculative bubble was forming after strong gains the prior week.

- Date: 2021-04-26 · published 2021-04-26T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9789-crop-prices-soar-to-8-year-high-renewing-food-inflation-fears-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Broad grain rallies raise feed ingredient costs and fuel food inflation concerns, which may invite volatility and policy attention. Buyers should expect elevated and volatile prices.

## Read by commodity

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

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-04-26/crop-prices-on-a-roll-as-soybeans-rocket-to-highest-since-2013
- bnnbloomberg.ca: https://www.bnnbloomberg.ca/wheat-soars-to-highest-price-in-eight-years-on-supply-worries-1.1595308

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