# U.S. grains: Corn steps back after export-led rally - AgCanada

> Chicago corn futures fell after improving rains in Argentina eased crop concerns, following a rally driven by export sales the prior Friday. Wheat neared a three-month low on favorable US Great Plains and Black Sea weather. Soyoil rose to its highest level since 2012.

- Date: 2021-03-22 · published 2021-03-22T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/10763-u-s-grains-corn-steps-back-after-export-led-rally-agcanada
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Better South American crop prospects reduce competition for supply concerns and pressure corn and wheat prices. Strength in soyoil, however, supports soybean values.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-03-07 | [U.S. grains: Soy, corn fall on Brazil crop expectations - AgCanada](https://feedsoft.ai/events/72036-u-s-grains-soy-corn-fall-on-brazil-crop-expectations-agcanada.md) | -2.2% | -0.2% |
| CORN | 2019-07-02 | [U.S. grains: Corn, soy ease on warmer weather - AgCanada](https://feedsoft.ai/events/58125-u-s-grains-corn-soy-ease-on-warmer-weather-agcanada.md) | +2.8% | +1.7% |
| CORN | 2018-06-19 | [U.S. grains: Corn at contract lows, soy dips below $9 - AgCanada](https://feedsoft.ai/events/10574-u-s-grains-corn-at-contract-lows-soy-dips-below-9-agcanada.md) | -0.9% | -2.0% |
| CORN | 2024-01-18 | [U.S. grains: Soy, corn futures end higher after setting multi-year lows - AgCanada](https://feedsoft.ai/events/11443-u-s-grains-soy-corn-futures-end-higher-after-setting-multi-year-lows-agcanada.md) | +1.1% | -5.6% |
| CORN | 2019-09-11 | [U.S. grains: Soybeans, corn ease on crop-boosting weather - AgCanada](https://feedsoft.ai/events/9148-u-s-grains-soybeans-corn-ease-on-crop-boosting-weather-agcanada.md) | +4.2% | +9.2% |
| WHEAT | 2019-04-29 | [U.S. grains: Corn firms as rains stall planting - AgCanada](https://feedsoft.ai/events/10955-u-s-grains-corn-firms-as-rains-stall-planting-agcanada.md) | -4.1% | -0.2% |
| WHEAT | 2019-07-02 | [U.S. grains: Corn, soy ease on warmer weather - AgCanada](https://feedsoft.ai/events/58125-u-s-grains-corn-soy-ease-on-warmer-weather-agcanada.md) | -1.9% | -3.5% |
| WHEAT | 2018-10-03 | [U.S. grains: Soybeans, corn ease in technical setback - AgCanada](https://feedsoft.ai/events/62574-u-s-grains-soybeans-corn-ease-in-technical-setback-agcanada.md) | -2.7% | +5.5% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-corn-steps-back-after-export-led-rally

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