Home > News > Corn Futures Surge Past $5 Mark, Soybean Rally Continues

Continued drought conditions in South America and resulting limitations to grain export sales there have contributed to surging corn and soybean prices in the last week, with corn futures surging past the $5/bushel mark for the March futures contract on Tuesday. Continued demand from China as that nation rebuilds its domestic hog herd and anticipated tight U.S. stocks — especially for soybeans — are chipping into the rally, too. The world supply for both corn and soybeans remains at risk and uncertain with continued drought in major growing regions in Brazil and Argentina. That weather will help underpin the grain rally, with some analysts expecting the bull rally to last well into 2021. See more.

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