# ?Perfect storm? for grain futures, market analyst says | Iowa Agribusiness Radio Network

> Grain futures surged in the week, with a Price Futures Group analyst calling it a perfect storm. He cited a Brazilian flash drought that could cut safrinha corn by 10-12 million tonnes, a strong US cash market with the basis 40-50 cents over futures, and 6-year-low ending stocks. May corn traded above $7.50.

- Date: 2021-05-05 · published 2021-05-05T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11305-perfect-storm-for-grain-futures-market-analyst-says-iowa-agribusiness-radio
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Brazilian safrinha losses shift export demand to US corn and tighten US stocks, and firm cash basis signals physical scarcity. These factors support higher feed grain prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-01-29 | [Grain futures trend higher amidst Argentine drought \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/67039-grain-futures-trend-higher-amidst-argentine-drought-iowa-agribusiness-radio.md) | +0.1% | +0.9% |
| CORN | 2017-09-28 | [Midwest continues to see dry weather \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/68800-midwest-continues-to-see-dry-weather-iowa-agribusiness-radio-network.md) | +2.6% | +2.3% |
| CORN | 2018-05-01 | [Corn prices favorable despite planting delays \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/65066-corn-prices-favorable-despite-planting-delays-iowa-agribusiness-radio-network.md) | +1.7% | +3.5% |
| CORN | 2024-10-24 | [South American planting is behind schedule \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/13543-south-american-planting-is-behind-schedule-iowa-agribusiness-radio-network.md) | -1.3% | +1.0% |
| CORN | 2026-09-11 | [Late-season weather adds uncertainty to Midwest corn and soybeans - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/12965-late-season-weather-adds-uncertainty-to-midwest-corn-and-soybeans-iowa.md) | +2.5% | -0.2% |
| SOY | 2018-01-29 | [Grain futures trend higher amidst Argentine drought \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/67039-grain-futures-trend-higher-amidst-argentine-drought-iowa-agribusiness-radio.md) | -0.7% | +4.9% |
| SOY | 2017-09-28 | [Midwest continues to see dry weather \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/68800-midwest-continues-to-see-dry-weather-iowa-agribusiness-radio-network.md) | -0.8% | +1.0% |
| SOY | 2024-10-24 | [South American planting is behind schedule \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/13543-south-american-planting-is-behind-schedule-iowa-agribusiness-radio-network.md) | -2.1% | -0.7% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/perfect-storm-for-grain-futures-market-analyst-says/

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