# Chicago soybeans near 6-1/2-year high on LatAm supply concerns - Markets - Business Recorder

> Chicago soybeans traded near a 6-1/2-year high as dry weather and export disruptions in South America supported prices. Argentina announced it will suspend corn export sales until Feb. 28 to secure domestic food supplies.

- Date: 2021-01-05 · published 2021-01-05T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/11547-chicago-soybeans-near-6-1-2-year-high-on-latam-supply-concerns-markets-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Argentina's suspension of corn exports removes a major supply source, lifting corn and soybean prices for feed 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 | Argentina suspending corn export sales to Feb 28 along with South American dryness tightened global export supply and supported prices on Jan 5. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | -0.9% | -2.1% |
| SOY | 2021-08-20 | [Lower tax, higher tech help corn displace soya as Argentina's top crop - Markets - Business Recorder](https://feedsoft.ai/events/45421-lower-tax-higher-tech-help-corn-displace-soya-as-argentina-s-top-crop-markets.md) | +3.4% | -2.9% |
| SOY | 2021-01-05 | [Corn, soybean futures rally on low supply, Argentina export ban - Fastmarkets](https://feedsoft.ai/events/11543-corn-soybean-futures-rally-on-low-supply-argentina-export-ban-fastmarkets.md) | +4.4% | +2.9% |
| SOY | 2022-01-30 | [Indonesia’s palm oil export curbs upend global edible oil markets - Markets - Business Recorder](https://feedsoft.ai/events/8091-indonesia-s-palm-oil-export-curbs-upend-global-edible-oil-markets-markets.md) | +5.7% | +11.9% |
| SOY | 2024-03-25 | [Policy changes to support US soybeans: Darling \| Latest Market News](https://feedsoft.ai/events/15228-policy-changes-to-support-us-soybeans-darling-latest-market-news.md) | -0.6% | -2.6% |
| CORN | 2020-12-31 | [CBOT corn higher - Markets - Business Recorder](https://feedsoft.ai/events/49676-cbot-corn-higher-markets-business-recorder.md) | +6.2% | +17.5% |
| CORN | 2021-01-19 | [Wheat holds near 6-1/2 year peak as focus stays on Russian export tax - Markets - Business Recorder](https://feedsoft.ai/events/49175-wheat-holds-near-6-1-2-year-peak-as-focus-stays-on-russian-export-tax-markets.md) | +0.0% | +0.0% |
| 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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40047561

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