# After the Bell | August 23, 2021 - Pro Farmer

> Soybean and wheat futures gained on a technical bounce and an oil rally, while nearby live cattle hit a 17-month high. December corn fell 1.5 cents to 5.355 per bushel, and traders worried about EPA biofuel mandates for 2021 and 2022. USDA reported corn export inspections of 28.5 million bushels and a 60% good-to-excellent crop rating.

- Date: 2021-08-23 · published 2021-08-23T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/10058-after-the-bell-august-23-2021-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Uncertainty over EPA biofuel mandates and soft export pace weigh on corn, while crude strength supports soyoil and cuts soymeal demand relative to oil.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲
- WTI: bullish ▲
- CORN: bearish ▼
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2021-08-23 | 1 | +1.8% | 3.5 | Reports nearby live cattle hit a 17-month high on Aug 23, the day of the move, which is direct evidence of the rally and sentiment-driven buying. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-12-20 | [First Thing Today \| December 20, 2021 - Pro Farmer](https://feedsoft.ai/events/8018-first-thing-today-december-20-2021-pro-farmer.md) | -2.3% | -2.0% |
| CORN | 2024-05-17 | [Key Provisions in House Farm Bill - Pro Farmer](https://feedsoft.ai/events/30234-key-provisions-in-house-farm-bill-pro-farmer.md) | +1.2% | +6.0% |
| CORN | 2018-08-28 | [Trump's Farmer Bailout: Half Now, the Rest Later – Maybe](https://feedsoft.ai/events/63526-trump-s-farmer-bailout-half-now-the-rest-later-maybe.md) | +0.8% | +2.6% |
| CORN | 2025-06-11 | [China Nudges Pig Farmers to Restrain Supply After Prices Slump](https://feedsoft.ai/events/24184-china-nudges-pig-farmers-to-restrain-supply-after-prices-slump.md) | -0.5% | -4.1% |
| CORN | 2020-03-11 | [U.S. farmers still dependent on trade aid after China deal](https://feedsoft.ai/events/54116-u-s-farmers-still-dependent-on-trade-aid-after-china-deal.md) | -6.0% | -3.6% |
| SOY | 2021-12-20 | [Ahead of the Open \| December 20, 2021 - Pro Farmer](https://feedsoft.ai/events/11532-ahead-of-the-open-december-20-2021-pro-farmer.md) | +6.0% | +5.9% |
| SOY | 2021-01-07 | [D4 RINs seen supporting producer margins through 2021  : The Daily Digest](https://feedsoft.ai/events/49014-d4-rins-seen-supporting-producer-margins-through-2021-the-daily-digest.md) | +3.4% | +0.5% |
| SOY | 2020-03-06 | [Farmers unions call four-day strike after rise in soy duties \| Buenos Aires Times](https://feedsoft.ai/events/53990-farmers-unions-call-four-day-strike-after-rise-in-soy-duties-buenos-aires-times.md) | -3.8% | -3.4% |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-august-23-2021

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