# Corn, soybean futures rally on low supply, Argentina export ban - Fastmarkets

> Corn futures rose about 2% and soybean futures about 4% on Tuesday. The rally followed an Argentine dispute over a corn export ban, falling soybean crush margins, higher crude oil and a weaker US dollar.

- Date: 2021-01-05 · published 2021-01-05T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/11543-corn-soybean-futures-rally-on-low-supply-argentina-export-ban-fastmarkets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentina's export restrictions and tighter soybean supply support corn and soybean prices, raising feed ingredient costs for buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-01-05 | 5 | +8.4% | 2.9 | Corn futures rose about 2% on Jan 5 on the Argentine corn export ban dispute, low supplies and a weaker dollar, which directly drove the window's move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | -0.2% | +0.6% |
| CORN | 2025-06-28 | [Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald](https://feedsoft.ai/events/13853-argentina-reinstates-higher-export-duties-for-soybeans-and-corn-buenos-aires.md) | -0.2% | -1.7% |
| CORN | 2024-06-07 | [Corn, soy futures rise on new Brazilian tax rule - Markets - Business Recorder](https://feedsoft.ai/events/6150-corn-soy-futures-rise-on-new-brazilian-tax-rule-markets-business-recorder.md) | +5.6% | -4.9% |
| CORN | 2022-01-20 | [Argentinian soybean and corn farmers could get full relief from export taxes until Dec. 31, 2022 20.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/14061-argentinian-soybean-and-corn-farmers-could-get-full-relief-from-export-taxes.md) | +1.6% | +6.7% |
| CORN | 2021-01-05 | [Chicago soybeans near 6-1/2-year high on LatAm supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/11547-chicago-soybeans-near-6-1-2-year-high-on-latam-supply-concerns-markets-business.md) | +3.1% | +14.6% |
| SOY | 2019-12-24 | [Argentina raise taxes on corn, wheat and soybean exports \| Farm Online \| ACT](https://feedsoft.ai/events/55425-argentina-raise-taxes-on-corn-wheat-and-soybean-exports-farm-online-act.md) | +1.0% | -2.6% |
| SOY | 2025-06-28 | [Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald](https://feedsoft.ai/events/13853-argentina-reinstates-higher-export-duties-for-soybeans-and-corn-buenos-aires.md) | +0.4% | -3.8% |
| SOY | 2025-09-25 | [U.S. grains: Soybean futures edge up as Argentina ends export tax waiver \| Farmtario](https://feedsoft.ai/events/13833-u-s-grains-soybean-futures-edge-up-as-argentina-ends-export-tax-waiver-farmtario.md) | +0.4% | +2.6% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/corn-soybean-futures-rally-on-low-supply-argentina-export-ban/

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