# Corn Market 271 | Maiz'Europ'

> CEPM reported December corn futures fell $17/t to $223/t in the week to June 18 amid scattered rains, hail and wind. US corn condition ratings slipped to 61% good to excellent, and the market reacted to the Biden administration's possible retention of ethanol blending exemptions and the Fed's signal of rate hikes.

- Date: 2021-06-24 · published 2021-06-24T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/46612-corn-market-271-maiz-europ
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Biofuel exemption uncertainty and a stronger dollar weigh on US corn values, while the weather-driven condition decline provides some support ahead of the USDA acreage report.

## Read by commodity

- DXY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-31 | [Grain market review: Oilseeds May 2021](https://feedsoft.ai/events/47204-grain-market-review-oilseeds-may-2021.md) | +2.3% | -0.9% |
| CORN | 2022-01-26 | [Top Ag Export Market Under Threat \| Syngenta Thrive](https://feedsoft.ai/events/43120-top-ag-export-market-under-threat-syngenta-thrive.md) | +3.6% | +10.1% |
| CORN | 2025-01-21 | [Daily Market Wire 24 January 2025 - Grain Central](https://feedsoft.ai/events/6892-daily-market-wire-24-january-2025-grain-central.md) | -0.5% | +3.8% |
| CORN | 2020-03-19 | [Energy Markets Erode Ethanol Margins](https://feedsoft.ai/events/54133-energy-markets-erode-ethanol-margins.md) | +1.1% | -1.8% |
| CORN | 2025-05-06 | [Urea Market Shaken by China Export Rumours \| CZ app](https://feedsoft.ai/events/6759-urea-market-shaken-by-china-export-rumours-cz-app.md) | -1.4% | +0.3% |
| DXY | 2020-10-29 | [Brexit Progress Supports Pound Sterling against Euro and Dollar in a Stormy Market](https://feedsoft.ai/events/50877-brexit-progress-supports-pound-sterling-against-euro-and-dollar-in-a-stormy.md) | -0.5% | -2.2% |
| DXY | 2022-06-24 | [Central bank sold roughly $7 billion to stabilise forex market](https://feedsoft.ai/events/41261-central-bank-sold-roughly-7-billion-to-stabilise-forex-market.md) | +0.2% | +1.4% |
| DXY | 2022-06-21 | [SBV ready with funds to keep forex market stable: official](https://feedsoft.ai/events/41259-sbv-ready-with-funds-to-keep-forex-market-stable-official.md) | -0.9% | +1.0% |

## Sources

- maizeurop.com: https://www.maizeurop.com/en/publication/corn-market-271/

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