# Corn futures in Chicago close to six-month high amid weather threats in South America — Latifundist.com

> Corn futures in Chicago approached a six-month high as weather threats in South America lifted prices, with the most active contract reaching $6.07 a bushel. Soybeans hit a four-month peak and wheat rose to $8.14, as La Niña-linked drought and heat were forecast to persist in southern Brazil and Argentina.

- Date: 2021-12-24 · published 2021-12-24T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/43622-corn-futures-in-chicago-close-to-six-month-high-amid-weather-threats-in-south
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected South American crop losses could reduce global supplies and shift export demand to the US, supporting feed grain and protein prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-01-06 | [U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather - AgCanada](https://feedsoft.ai/events/11604-u-s-grains-chicago-corn-surges-to-six-month-high-on-weaker-dollar-argentina.md) | +4.1% | +5.3% |
| CORN | 2020-12-22 | [Corn ends higher amid supply concerns in South America](https://feedsoft.ai/events/10133-corn-ends-higher-amid-supply-concerns-in-south-america.md) | +3.5% | +18.5% |
| CORN | 2018-02-27 | [Dry weather conditions and high temperatures likely to reduce harvests in Southern Africa](https://feedsoft.ai/events/66421-dry-weather-conditions-and-high-temperatures-likely-to-reduce-harvests-in.md) | +1.6% | +2.4% |
| CORN | 2021-02-22 | [Dry weather concerns extend from South America into North America](https://feedsoft.ai/events/48467-dry-weather-concerns-extend-from-south-america-into-north-america.md) | +1.6% | -3.4% |
| CORN | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +1.8% | +3.9% |
| SOY | 2025-01-06 | [U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather - AgCanada](https://feedsoft.ai/events/11604-u-s-grains-chicago-corn-surges-to-six-month-high-on-weaker-dollar-argentina.md) | +3.3% | +7.9% |
| SOY | 2020-12-22 | [Corn ends higher amid supply concerns in South America](https://feedsoft.ai/events/10133-corn-ends-higher-amid-supply-concerns-in-south-america.md) | +4.2% | +10.2% |
| SOY | 2021-02-22 | [Dry weather concerns extend from South America into North America](https://feedsoft.ai/events/48467-dry-weather-concerns-extend-from-south-america-into-north-america.md) | +2.0% | +2.8% |

## Sources

- latifundist.com: https://latifundist.com/en/novosti/57824-fyuchersy-na-kukuruzu-v-chikago-priblizilis-k-shestimesyachnomu-maksimumu-iz-za-pogodnyh-ugroz-v-yuzhnoj-amerike

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