# Corn prices rose 4% on news of USA and Argentina

> Chicago corn futures rose 4% to about $151.8/t after the US-China phase one trade agreement was announced, which cancelled the December 15 tariff increase and reduced existing duties. Weekly US corn export sales rose but remained well below last year's pace, and Argentina's export suspension and higher duty were cited as supportive.

- Date: 2019-12-16 · published 2019-12-16T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/12108-corn-prices-rose-4-on-news-of-usa-and-argentina
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower US-China tariffs and Argentina's export restriction support corn prices by improving export demand expectations. Lagging US export sales limit the upside.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-01-23 | [A Trade Deal and Corn Prices - ProAg](https://feedsoft.ai/events/60964-a-trade-deal-and-corn-prices-proag.md) | +0.7% | +0.1% |
| CORN | 2021-05-11 | [Which rose first: the price of chicken or corn?](https://feedsoft.ai/events/47259-which-rose-first-the-price-of-chicken-or-corn.md) | -7.7% | -2.5% |
| CORN | 2025-05-01 | [US export demand pulls corn prices higher — TradingView News](https://feedsoft.ai/events/24703-us-export-demand-pulls-corn-prices-higher-tradingview-news.md) | -3.8% | -1.4% |
| CORN | 2026-02-20 | [Corn and Barley Prices Climb on Export Surge and Demand - Agrolatam](https://feedsoft.ai/events/20660-corn-and-barley-prices-climb-on-export-surge-and-demand-agrolatam.md) | +1.4% | +8.9% |
| CORN | 2017-11-29 | [China imports corn as domestic prices rise – Customs Today Newspaper](https://feedsoft.ai/events/67857-china-imports-corn-as-domestic-prices-rise-customs-today-newspaper.md) | +1.6% | +7.4% |
| SOY | 2026-09-12 | [Argentina soybean sales speed up as prices rise on China demand, US crop concerns - Markets - Business Recorder](https://feedsoft.ai/events/13779-argentina-soybean-sales-speed-up-as-prices-rise-on-china-demand-us-crop.md) | +1.8% | +0.9% |
| SOY | 2020-05-20 | [Argentina Peso (USD ARS) News: Farmers Bet on Weaker Currency - Bloomberg](https://feedsoft.ai/events/52970-argentina-peso-usd-ars-news-farmers-bet-on-weaker-currency-bloomberg.md) | +0.7% | +3.4% |
| SOY | 2021-04-23 | [Corn, Wheat and Soybean Prices Continue to Surge, China Buys U.S. Corn for Fourth-Quarter Shipment \| Farm Policy News \| Illinois](https://feedsoft.ai/events/10291-corn-wheat-and-soybean-prices-continue-to-surge-china-buys-u-s-corn-for-fourth.md) | +0.6% | 0.0% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-kukurudzu-virosli-na-4-na-novinah-z-ssha-ta-argentini.html

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