# Smaller-than-expected U.S. corn, soy acreage stokes price rally

> USDA reported U.S. soybean and corn plantings were smaller than expected this spring, and a separate report showed domestic stockpiles at multi-year lows. Chicago corn and soybean futures rallied sharply after trading lower ahead of the reports.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/46614-smaller-than-expected-u-s-corn-soy-acreage-stokes-price-rally
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter-than-expected U.S. supplies from the world's No. 2 soy and top corn exporter, combined with northern drought concerns, support corn and soybean prices and raise feed costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2021-06-29 | 1 | +6.6% | 3.6 | USDA's June 30 reports showed smaller-than-expected soybean plantings and multi-year-low stocks, which tightened supply and drove a sharp futures rally. |
| SOY | 2021-07-01 | 5 | +9.2% | 2.9 | USDA's June 30 Acreage and Stocks reports showed smaller-than-expected plantings and multi-year-low stocks, triggering a sharp rally in soybean futures within the 5-day window. |
| SBM | 2021-06-29 | 1 | +6.1% | 4.5 | Smaller-than-expected soybean acreage and multi-year-low stocks sparked a sharp rally in soybean futures, tightening supply expectations and lifting meal. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-06-30 | [Corn, soy climb on smaller-than-expected USDA acreage view \| Financial Post](https://feedsoft.ai/events/52675-corn-soy-climb-on-smaller-than-expected-usda-acreage-view-financial-post.md) | +3.3% | -1.5% |
| CORN | 2019-09-30 | [U.S. grains: Soy, corn rally on smaller-than-expected stockpiles - Manitoba Co-operator](https://feedsoft.ai/events/57114-u-s-grains-soy-corn-rally-on-smaller-than-expected-stockpiles-manitoba-co.md) | -0.9% | +1.1% |
| CORN | 2023-10-12 | [WASDE Reduces Corn and Soy Production More Than Expected](https://feedsoft.ai/events/33584-wasde-reduces-corn-and-soy-production-more-than-expected.md) | -0.4% | -1.5% |
| CORN | 2024-12-10 | [USDA Reduces U.S. Corn Ending Stocks More Than Expected](https://feedsoft.ai/events/26900-usda-reduces-u-s-corn-ending-stocks-more-than-expected.md) | +1.6% | +2.9% |
| CORN | 2023-10-18 | [Brazil Expected to Expand Soybean Acreage and Reduce Corn Acreage - farmdoc daily](https://feedsoft.ai/events/13622-brazil-expected-to-expand-soybean-acreage-and-reduce-corn-acreage-farmdoc-daily.md) | +1.9% | -1.3% |
| SOY | 2020-06-30 | [Corn, soy climb on smaller-than-expected USDA acreage view \| Financial Post](https://feedsoft.ai/events/52675-corn-soy-climb-on-smaller-than-expected-usda-acreage-view-financial-post.md) | +3.3% | +3.5% |
| SOY | 2019-09-30 | [U.S. grains: Soy, corn rally on smaller-than-expected stockpiles - Manitoba Co-operator](https://feedsoft.ai/events/57114-u-s-grains-soy-corn-rally-on-smaller-than-expected-stockpiles-manitoba-co.md) | +3.8% | +4.2% |
| SOY | 2023-10-12 | [WASDE Reduces Corn and Soy Production More Than Expected](https://feedsoft.ai/events/33584-wasde-reduces-corn-and-soy-production-more-than-expected.md) | +4.7% | +7.7% |

## Sources

- reuters.com: https://www.reuters.com/article/usda-crops/update-2-smaller-than-expected-u-s-corn-soy-acreage-stokes-price-rally-idUSL2N2OC1YP/

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