# November 2021 Market Letter - IASG

> A monthly market letter reports that the Omicron COVID variant, identified in South Africa, has become the leading market variable. Global equities fell 2-6% and crude dropped more than $10 per barrel the Friday after Thanksgiving, and corn, wheat and soybean futures hit three-week lows on Tuesday after WHO and Moderna statements.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: disease · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11597-november-2021-market-letter-iasg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Pandemic-driven risk aversion cut energy and grain prices, reducing feed input values. Demand uncertainty from lockdown fears continues to weigh on the complex.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-11-26 | [Animal Health - November Updates - FACE](https://feedsoft.ai/events/15951-animal-health-november-updates-face.md) | +1.3% | +3.2% |
| CORN | 2020-01-17 | [Meat and poultry market update regarding ASF, meat alternatives \| 2020-01-17  \| MEAT+POULTRY](https://feedsoft.ai/events/55243-meat-and-poultry-market-update-regarding-asf-meat-alternatives-2020-01-17-meat.md) | +3.4% | -0.4% |
| CORN | 2018-09-06 | [China's vast pig market in lockdown as African swine fever spreads](https://feedsoft.ai/events/63014-china-s-vast-pig-market-in-lockdown-as-african-swine-fever-spreads.md) | -2.1% | +1.4% |
| CORN | 2019-08-30 | [Genesus Global Market Report: China - August 2019
						 \| The Pig Site](https://feedsoft.ai/events/57566-genesus-global-market-report-china-august-2019-the-pig-site.md) | -2.4% | +1.4% |
| CORN | 2018-10-29 | [Manage risks and opportunities in current hog market](https://feedsoft.ai/events/62687-manage-risks-and-opportunities-in-current-hog-market.md) | +0.1% | -6.3% |
| SOY | 2018-10-29 | [Manage risks and opportunities in current hog market](https://feedsoft.ai/events/62687-manage-risks-and-opportunities-in-current-hog-market.md) | +3.6% | +2.0% |
| SOY | 2020-01-29 | [Outside news affects market price swing - Farm and Dairy](https://feedsoft.ai/events/55099-outside-news-affects-market-price-swing-farm-and-dairy.md) | -1.7% | -1.6% |
| SOY | 2020-04-14 | [U.S. grains: Soybeans drop as livestock markets drag soymeal lower - Grainews](https://feedsoft.ai/events/53721-u-s-grains-soybeans-drop-as-livestock-markets-drag-soymeal-lower-grainews.md) | -3.2% | -0.2% |

## Sources

- iasg.com: https://www.iasg.com/blog/2021/12/01/november-2021-market-letter

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