Grain prices have hit multiyear highs in 2021, but many farmers missed out
The upward move in the market took many in the industry by surprise, given that grain prices in the spring of 2020 had hit new contract and multiyear lows at the height of the COVID-19 pandemic. Written By: Michelle Rook | 5:30 am, Mar. 8, 2021
The grain markets have been on a bull run for the last several months, with futures prices hitting multiyear highs. Corn in early February 2021 hit a seven-year high, with soybeans scoring six-year highs. The move took many in the industry by surprise, given that grain prices in the spring of 2020 had hit new contract and multiyear lows at the height of the COVID-19 pandemic.