# Market Perspectives – June 3, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council

> Argentina's government beef export ban has pushed some farmers to consider switching corn area to soybeans, and port strikes and low river levels are challenging logistics. In Brazil, drought is cutting corn estimates, with analysts ranging from 89.68 to 101.65 MMT. China's corn import restriction speculation has not appeared in trade data.

- Date: 2021-06-03 · published 2021-06-03T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/46407-market-perspectives-june-3-2021-page-7-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Brazilian drought-cut corn crop and possible Argentine acreage shifts to soybeans tighten corn export supplies, supporting corn prices, while soybean supply from Argentina is a modest offset.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-13 | [Market Perspectives – May 13, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7462-market-perspectives-may-13-2021-page-7-of-10-u-s-grains-and-bioproducts-council.md) | -7.7% | -2.2% |
| CORN | 2022-01-27 | [Market Perspectives – January 27, 2022 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/14967-market-perspectives-january-27-2022-page-7-of-10-u-s-grains-and-bioproducts.md) | +1.7% | +10.2% |
| CORN | 2020-01-09 | [Market Perspectives – January 9, 2020 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/55185-market-perspectives-january-9-2020-page-7-of-10-u-s-grains-and-bioproducts.md) | +0.7% | -0.7% |
| CORN | 2018-05-17 | [Market Perspectives - May 17, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8711-market-perspectives-may-17-2018-page-7-of-11-u-s-grains-and-bioproducts-council.md) | +1.3% | -4.2% |
| CORN | 2020-11-05 | [Market Perspectives – November 5, 2020 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/50216-market-perspectives-november-5-2020-page-7-of-10-u-s-grains-and-bioproducts.md) | +0.3% | +8.7% |
| SOY | 2022-01-27 | [Market Perspectives – January 27, 2022 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/14967-market-perspectives-january-27-2022-page-7-of-10-u-s-grains-and-bioproducts.md) | +7.3% | +15.4% |
| SOY | 2017-06-01 | [Market Perspectives June 1, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/70520-market-perspectives-june-1-2017-u-s-grains-and-bioproducts-council.md) | +1.6% | -0.2% |
| SOY | 2020-07-29 | [Will the United States produce a bumper crop? \| 2020-07-29  \| World Grain](https://feedsoft.ai/events/51959-will-the-united-states-produce-a-bumper-crop-2020-07-29-world-grain.md) | -1.4% | +1.9% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-june-3-2021/7/

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