# Corn jumps 1.2% to 2013 high on tightening global supplies; wheat firms

> Chicago corn futures rose more than 1% to their highest in over eight years on concerns over dry weather in Brazil and strong demand from animal feed producers. Wheat also firmed.

- Date: 2021-05-06 · published 2021-05-06T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/11302-corn-jumps-1-2-to-2013-high-on-tightening-global-supplies-wheat-firms
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Brazilian safrinha drought threatens export supplies and tightens global corn stocks, lifting feed grain prices. Strong feed demand reinforces the upside.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-27 | [Corn hits fresh near 8-year high as global supplies tighten](https://feedsoft.ai/events/9398-corn-hits-fresh-near-8-year-high-as-global-supplies-tighten.md) | +4.7% | -1.2% |
| CORN | 2021-04-22 | [Corn highest since 2013, soy tops $15 and wheat over $7 on supply fears \| Financial Post](https://feedsoft.ai/events/9788-corn-highest-since-2013-soy-tops-15-and-wheat-over-7-on-supply-fears-financial.md) | +11.6% | +9.8% |
| CORN | 2021-04-26 | [Corn futures jump to a 7-year high on supply concerns](https://feedsoft.ai/events/9399-corn-futures-jump-to-a-7-year-high-on-supply-concerns.md) | +13.6% | +6.9% |
| CORN | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +1.8% | +3.9% |
| CORN | 2018-09-05 | [Wheat Rebounds On Supply Woes, Corn At Two-Week High \| ESM Magazine](https://feedsoft.ai/events/6997-wheat-rebounds-on-supply-woes-corn-at-two-week-high-esm-magazine.md) | -0.4% | +1.2% |
| WHEAT | 2021-04-22 | [Corn highest since 2013, soy tops $15 and wheat over $7 on supply fears \| Financial Post](https://feedsoft.ai/events/9788-corn-highest-since-2013-soy-tops-15-and-wheat-over-7-on-supply-fears-financial.md) | +3.9% | +0.9% |
| WHEAT | 2022-03-09 | [US Winter Wheat Production Won’t Ease Tight Global Supplies](https://feedsoft.ai/events/42322-us-winter-wheat-production-won-t-ease-tight-global-supplies.md) | -3.1% | +3.6% |
| WHEAT | 2021-04-26 | [Corn futures jump to a 7-year high on supply concerns](https://feedsoft.ai/events/9399-corn-futures-jump-to-a-7-year-high-on-supply-concerns.md) | +3.3% | -0.2% |

## Sources

- reuters.com: https://www.reuters.com/article/global-grains-idINL4N2MS50F/

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