# As Corn Climbs Above $6, Here's What's Behind the Market Move - AgWeb

> Corn futures climbed above $6 and soybean futures hit contract highs in the latest grain session. Analyst Brian Splitt of AgMarket.Net cited Brazil's safrinha corn crop, with about half under moisture stress, as a key driver. He also pointed to Brazil's suspension of import tariffs on corn, soybeans, meal and oil through year-end, and to cold U.S. weather slowing planting and emergence.

- Date: 2021-04-21 · published 2021-04-21T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10225-as-corn-climbs-above-6-here-s-what-s-behind-the-market-move-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Moisture stress on Brazil's safrinha corn cuts export supply expectations, while the tariff suspension boosts Brazilian import demand. Slow U.S. planting adds weather risk to the new-crop outlook, supporting corn and soybean prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-04-29 | 5 | +13.6% | 3.8 | Corn climbed above $6 on Brazil safrinha moisture stress, Brazil tariff suspension and cold US planting weather. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-01-29 | [Will the Bull Market in Corn Continue to Pull Up Soybeans and Wheat? - AgWeb](https://feedsoft.ai/events/6895-will-the-bull-market-in-corn-continue-to-pull-up-soybeans-and-wheat-agweb.md) | +1.0% | -1.0% |
| CORN | 2021-07-23 | [How record heat could affect the U.S. corn and soybean markets - DTN](https://feedsoft.ai/events/45915-how-record-heat-could-affect-the-u-s-corn-and-soybean-markets-dtn.md) | -1.1% | -2.6% |
| CORN | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -4.6% | -4.0% |
| CORN | 2022-06-16 | [Corn, wheat rise despite financial market selloff – The Seam](https://feedsoft.ai/events/40995-corn-wheat-rise-despite-financial-market-selloff-the-seam.md) | -1.5% | +0.5% |
| CORN | 2022-06-29 | [What’s driving the volatile grain market? Grain market daily \| AHDB](https://feedsoft.ai/events/40981-what-s-driving-the-volatile-grain-market-grain-market-daily-ahdb.md) | +1.2% | -16.3% |
| SOY | 2018-02-05 | [World markets are on the move](https://feedsoft.ai/events/66566-world-markets-are-on-the-move.md) | +0.4% | +9.0% |
| SOY | 2019-01-18 | [What's Behind the Rise in Soybean ETF?](https://feedsoft.ai/events/12389-what-s-behind-the-rise-in-soybean-etf.md) | +1.9% | -0.0% |
| SOY | 2021-07-23 | [How record heat could affect the U.S. corn and soybean markets - DTN](https://feedsoft.ai/events/45915-how-record-heat-could-affect-the-u-s-corn-and-soybean-markets-dtn.md) | +1.3% | -6.6% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/corn/corn-climbs-above-6-heres-whats-behind-market-move

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