# Supreme Court ruling, Midwest rains pressure US corn and soya - Markets - Business Recorder

> Corn and soybean futures fell after a US Supreme Court ruling strengthened small refineries' bids for exemptions from biofuel blending mandates. Midwest rains also pressured prices, and SRW wheat hit its lowest since mid-April as northern hemisphere harvest supplies grew.

- Date: 2021-06-26 · published 2021-06-26T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/46610-supreme-court-ruling-midwest-rains-pressure-us-corn-and-soya-markets-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A setback for biofuel demand weakens the ethanol and soyoil outlet, while rains reduce weather premium in corn and soybeans.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-20 | [Lower tax, higher tech help corn displace soya as Argentina's top crop - Markets - Business Recorder](https://feedsoft.ai/events/45421-lower-tax-higher-tech-help-corn-displace-soya-as-argentina-s-top-crop-markets.md) | +0.4% | -6.4% |
| CORN | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | +1.4% | +4.0% |
| CORN | 2025-02-26 | [Grains and Cattle End Lower: What’s Pressuring Markets Beyond Tariff Uncertainty?](https://feedsoft.ai/events/6194-grains-and-cattle-end-lower-what-s-pressuring-markets-beyond-tariff-uncertainty.md) | -6.0% | -0.4% |
| CORN | 2018-10-18 | [A Plan to Rebuild Rural Mexico Could Shake Up U.S. Corn Markets - Progressive.org](https://feedsoft.ai/events/62511-a-plan-to-rebuild-rural-mexico-could-shake-up-u-s-corn-markets-progressive-org.md) | -2.2% | -6.8% |
| CORN | 2025-07-07 | [Wheat falls more than 3% on supply pressure; corn, soybeans drop](https://feedsoft.ai/events/11932-wheat-falls-more-than-3-on-supply-pressure-corn-soybeans-drop.md) | -6.0% | -6.0% |
| SOY | 2021-06-14 | [Palm extends fall to hit over 4-month low on cheaper US soyoil - Markets - Business Recorder](https://feedsoft.ai/events/10807-palm-extends-fall-to-hit-over-4-month-low-on-cheaper-us-soyoil-markets-business.md) | -7.5% | -5.0% |
| SOY | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | +0.4% | -1.0% |
| SOY | 2025-02-26 | [Grains and Cattle End Lower: What’s Pressuring Markets Beyond Tariff Uncertainty?](https://feedsoft.ai/events/6194-grains-and-cattle-end-lower-what-s-pressuring-markets-beyond-tariff-uncertainty.md) | -4.6% | -2.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40103166

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