# Come gRain or Shine - How Good is the New Grain Season? - Tradeviews

> An analysis of Northern Hemisphere grain shipping notes that the US and Canada account for a large share of tonne-mile demand, mainly for Panamax vessels. It highlights North American drought, with Canada's wheat and coarse grain estimate down by a third to 23 million tonnes and US output also reduced.

- Date: 2021-08-20 · published 2021-08-20T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/45742-come-grain-or-shine-how-good-is-the-new-grain-season-tradeviews
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Smaller North American crops reduce export tonnage, which weakens Panamax demand, but drought-cut supplies also support grain prices. The net effect on freight and grain values depends on how much the export shortfall offsets the strong demand for vessels.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-07-29 | [How is the grain harvest in Europe? - Inside Grains \| Boerenbusiness. Nl](https://feedsoft.ai/events/46025-how-is-the-grain-harvest-in-europe-inside-grains-boerenbusiness-nl.md) | +2.2% | +2.5% |
| WHEAT | 2019-10-04 | [Growing season comes to an abrupt conclusion \| The Land \| NSW](https://feedsoft.ai/events/56534-growing-season-comes-to-an-abrupt-conclusion-the-land-nsw.md) | -4.4% | -2.3% |
| WHEAT | 2023-12-06 | [How long will the El Nino last? Latest official forecasts - Grain Price News](https://feedsoft.ai/events/32486-how-long-will-the-el-nino-last-latest-official-forecasts-grain-price-news.md) | -3.5% | +1.1% |
| WHEAT | 2018-05-04 | [Farming News - Wheat trade focus is now on new crop and its weather issues](https://feedsoft.ai/events/65063-farming-news-wheat-trade-focus-is-now-on-new-crop-and-its-weather-issues.md) | -4.0% | -1.3% |
| WHEAT | 2023-07-18 | [Canadian crops in serious need of a good drink - Grain Central](https://feedsoft.ai/events/34992-canadian-crops-in-serious-need-of-a-good-drink-grain-central.md) | +2.0% | +1.1% |
| CORN | 2017-03-03 | [How is the 2017 Growing Season Shaping Up?](https://feedsoft.ai/events/71836-how-is-the-2017-growing-season-shaping-up.md) | -3.2% | -2.8% |
| CORN | 2022-01-11 | [The heat is on in South America - Grain Central](https://feedsoft.ai/events/43043-the-heat-is-on-in-south-america-grain-central.md) | -2.8% | +4.1% |
| CORN | 2021-02-23 | [Weather volatility could persist this growing season - Brownfield Ag News](https://feedsoft.ai/events/48480-weather-volatility-could-persist-this-growing-season-brownfield-ag-news.md) | -0.5% | +5.5% |

## Sources

- tradeviews.net: https://tradeviews.net/come-grain-or-shine-northern-hemisphere-harvest-21-22/

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