# Corn jumps after USDA projects high export, ethanol demand - The Globe and Mail

> U.S. corn futures rallied to their highest in a month after USDA projected stronger ethanol and export demand in its June WASDE. USDA also sharply cut its Brazilian corn harvest outlook, a move that followed CONAB's cut of nearly 10 million tonnes. Soybeans were mixed and spring wheat rallied on drought concerns.

- Date: 2021-06-10 · published 2021-06-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/46508-corn-jumps-after-usda-projects-high-export-ethanol-demand-the-globe-and-mail
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Stronger demand and a smaller Brazilian crop tighten global feed grain supply and lift corn prices. Feed buyers should expect higher corn costs.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-03-08 | [USDA Raises Corn Demand for Exports and Ethanol](https://feedsoft.ai/events/65955-usda-raises-corn-demand-for-exports-and-ethanol.md) | +2.4% | +5.3% |
| CORN | 2021-09-07 | [USDA sees FY 2022 ethanol exports jumping on increased Brazil and UK demand  : The Daily Digest](https://feedsoft.ai/events/45061-usda-sees-fy-2022-ethanol-exports-jumping-on-increased-brazil-and-uk-demand-the.md) | -4.1% | -2.6% |
| CORN | 2018-07-12 | [USDA Bumps Corn and Soybean Production, Drops Soybean Exports](https://feedsoft.ai/events/63997-usda-bumps-corn-and-soybean-production-drops-soybean-exports.md) | +2.9% | +12.0% |
| CORN | 2022-08-12 | [USDA Projects Higher Soybean Yield, Lower Demand](https://feedsoft.ai/events/39955-usda-projects-higher-soybean-yield-lower-demand.md) | -0.7% | -1.6% |
| CORN | 2022-05-12 | [USDA Supply/Demand Summary - May 2022 — The Hightower Report](https://feedsoft.ai/events/41351-usda-supply-demand-summary-may-2022-the-hightower-report.md) | -0.3% | -0.9% |
| SOY | 2019-12-10 | [USDA Leaves Corn and Soybean Production, Supply and Demand Unchanged](https://feedsoft.ai/events/55512-usda-leaves-corn-and-soybean-production-supply-and-demand-unchanged.md) | +2.8% | +4.6% |
| SOY | 2022-05-12 | [Corn, Soybean Production Numbers as Expected in May USDA Report](https://feedsoft.ai/events/41348-corn-soybean-production-numbers-as-expected-in-may-usda-report.md) | +0.8% | +7.2% |
| SOY | 2024-03-08 | [PF Report Reaction: USDA cuts global ending stocks for corn, soybeans, wheat and cotton - Pro Farmer](https://feedsoft.ai/events/31133-pf-report-reaction-usda-cuts-global-ending-stocks-for-corn-soybeans-wheat-and.md) | +2.1% | +2.4% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/business/international-business/article-corn-jumps-after-usda-projects-high-export-ethanol-demand/

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