# '21 production not a surprise, but analyst says market response was - Brownfield Ag News

> USDA raised its final 2021 corn and soybean production estimates, and a Minnesota analyst says farmers reported yields better than expected. Prices did not fall on the bearish numbers as they normally would, and the analyst attributes this to drought in Argentina and Brazil.

- Date: 2022-01-12 · published 2022-01-12T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/13396-21-production-not-a-surprise-but-analyst-says-market-response-was-brownfield-ag
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

South American drought threatens export supplies of soybeans and corn, which supports US prices despite larger domestic output. Strong demand for both crops also limits downside.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-31 | [What to watch in the soybean market - Brownfield Ag News](https://feedsoft.ai/events/45592-what-to-watch-in-the-soybean-market-brownfield-ag-news.md) | -2.8% | -2.1% |
| SOY | 2024-02-09 | [Weather market for grains - Brownfield Ag News](https://feedsoft.ai/events/13206-weather-market-for-grains-brownfield-ag-news.md) | -2.6% | -1.9% |
| SOY | 2022-07-27 | [Soybeans, soybean products extend gains - Brownfield Ag News](https://feedsoft.ai/events/40517-soybeans-soybean-products-extend-gains-brownfield-ag-news.md) | +2.4% | +2.2% |
| SOY | 2024-01-04 | [Lower Brazilian crop production estimates expected - Brownfield Ag News](https://feedsoft.ai/events/13601-lower-brazilian-crop-production-estimates-expected-brownfield-ag-news.md) | -3.2% | -5.2% |
| SOY | 2019-05-24 | [Another round of weather support - Brownfield Ag News](https://feedsoft.ai/events/5439-another-round-of-weather-support-brownfield-ag-news.md) | +6.8% | +9.9% |
| CORN | 2024-02-01 | [Global production uncertainties support corn market - Brownfield Ag News](https://feedsoft.ai/events/31699-global-production-uncertainties-support-corn-market-brownfield-ag-news.md) | -4.7% | -6.6% |
| CORN | 2023-10-13 | [Drought affects crop marketing for producers - Brownfield Ag News](https://feedsoft.ai/events/33731-drought-affects-crop-marketing-for-producers-brownfield-ag-news.md) | +0.2% | -3.5% |
| CORN | 2024-02-09 | [Weather market for grains - Brownfield Ag News](https://feedsoft.ai/events/13206-weather-market-for-grains-brownfield-ag-news.md) | -2.2% | +2.9% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/21-production-not-a-surprise-but-analyst-says-market-response-was/

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