# Corn Closes Limit Down, Soybeans Drop 58¢

> Corn futures closed at the daily limit of 40 cents lower on May 13, 2021, and soybean futures fell about 58 cents. The selloff followed reports that stalled grain barges on the Mississippi River, after a cracked bridge slowed barge traffic. Private exporters also reported sales of 680,000 metric tons of corn to China for 2021/22.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/12367-corn-closes-limit-down-soybeans-drop-58
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Barge bottlenecks on the Mississippi delay grain movement from the Midwest to export positions, which pressures nearby cash and futures prices for corn and soybeans. Feed buyers in the interior may see wider basis and freight-related cost swings until the river reopens.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-10-03 | [Soybeans, corn down, expecting big crops, ample supplies - Brownfield Ag News](https://feedsoft.ai/events/68552-soybeans-corn-down-expecting-big-crops-ample-supplies-brownfield-ag-news.md) | -0.7% | -1.5% |
| CORN | 2023-03-27 | [Corn bids drop, soy barge bids remain firm](https://feedsoft.ai/events/14859-corn-bids-drop-soy-barge-bids-remain-firm.md) | +1.6% | -0.0% |
| CORN | 2025-02-18 | [Corn, soybean barge basis firm as some rivers rise](https://feedsoft.ai/events/26233-corn-soybean-barge-basis-firm-as-some-rivers-rise.md) | -4.4% | -2.4% |
| CORN | 2017-08-17 | [Massive harvests of corn, soybeans pose storage problem in Brazil - CSMonitor.com](https://feedsoft.ai/events/69286-massive-harvests-of-corn-soybeans-pose-storage-problem-in-brazil-csmonitor-com.md) | -2.7% | -3.9% |
| CORN | 2024-01-08 | [Understanding corn and soybean transportation costs in Q3 2023 \| Feed & Grain](https://feedsoft.ai/events/16571-understanding-corn-and-soybean-transportation-costs-in-q3-2023-feed-and-grain.md) | -2.2% | -2.3% |
| SOY | 2017-10-03 | [Soybeans, corn down, expecting big crops, ample supplies - Brownfield Ag News](https://feedsoft.ai/events/68552-soybeans-corn-down-expecting-big-crops-ample-supplies-brownfield-ag-news.md) | +1.0% | +1.6% |
| SOY | 2025-02-18 | [Corn, soybean barge basis firm as some rivers rise](https://feedsoft.ai/events/26233-corn-soybean-barge-basis-firm-as-some-rivers-rise.md) | -0.7% | -2.0% |
| SOY | 2022-12-07 | [China's november soybean imports drop on logistics hurdles - DatamarNews](https://feedsoft.ai/events/38237-china-s-november-soybean-imports-drop-on-logistics-hurdles-datamarnews.md) | +1.7% | +0.8% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/crops/corn-soybean-markets-lose-double-digit-gains-thursday-may-13-2021

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