# April 2021 Market Letter - IASG

> Corn futures had their largest one-month rally on record in April 2021, with May corn up 31.1%, driven by Chinese import demand and a Brazilian drought. Export sales are near USDA's full-year estimate, and the safrinha crop was planted late with below-normal rainfall in Parana.

- Date: 2021-05-06 · published 2021-05-06T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/11303-april-2021-market-letter-iasg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight US old-crop stocks and Brazilian safrinha losses point to pressure for higher USDA export estimates in the May WASDE. Strong cash bids and positive ethanol margins support corn prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-18 | [Market Closes - April 18, 2022 - Kentucky Farm Bureau](https://feedsoft.ai/events/5954-market-closes-april-18-2022-kentucky-farm-bureau.md) | +2.1% | -0.0% |
| CORN | 2021-04-22 | [Market Perspectives – April 22, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/9400-market-perspectives-april-22-2021-u-s-grains-and-bioproducts-council.md) | +11.6% | +9.8% |
| CORN | 2018-04-05 | [Market Closes - April 5, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/10071-market-closes-april-5-2018-kentucky-farm-bureau.md) | +1.1% | +3.0% |
| CORN | 2024-10-21 | [Market Snapshot \| October 21, 2024 - Pro Farmer](https://feedsoft.ai/events/11151-market-snapshot-october-21-2024-pro-farmer.md) | +1.5% | +2.5% |
| CORN | 2026-06-29 | [Arable Market Report – 29 June 2026 \| AHDB](https://feedsoft.ai/events/18848-arable-market-report-29-june-2026-ahdb.md) | +1.0% | +2.7% |
| SOY | 2023-01-27 | [Dry Bulk Market Under Pressure in Early 2023 \| Sea and Job](https://feedsoft.ai/events/37990-dry-bulk-market-under-pressure-in-early-2023-sea-and-job.md) | +0.7% | +0.4% |
| SOY | 2021-06-17 | [Market Perspectives – June 17, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7305-market-perspectives-june-17-2021-u-s-grains-and-bioproducts-council.md) | -4.4% | -0.1% |
| SOY | 2025-03-17 | [Daily Market Wire 18 March 2025 - Grain Central](https://feedsoft.ai/events/5625-daily-market-wire-18-march-2025-grain-central.md) | +1.1% | +4.4% |

## Sources

- iasg.com: https://www.iasg.com/blog/2021/05/06/april-2021-market-letter

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