# Grain Highlights 11.06.2021

> CONAB cut its June estimate for Brazil's second corn crop in 2020/21 to 69.66 million tonnes, down 12.4% from May. Corn exports were trimmed by 5.5 million tonnes to 29.5 million, and imports were raised to 2.3 million tonnes. Russia's export tax for the week from June 16 was also set at $33.3 per tonne for wheat, $39.6 for barley and $48.2 for corn.

- Date: 2021-06-12 · published 2021-06-12T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/46725-grain-highlights-11-06-2021
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller Brazilian safrinha crop and lower export availability tighten the corn export balance and support global corn prices. Russia's higher export taxes also limit Black Sea grain flows.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-03 | [Morning Highlights 5.3.24 - Larson Grain](https://feedsoft.ai/events/6451-morning-highlights-5-3-24-larson-grain.md) | -0.7% | +3.5% |
| CORN | 2019-05-29 | [How high can grain prices grow \| Saxo](https://feedsoft.ai/events/10898-how-high-can-grain-prices-grow-saxo.md) | +0.4% | +6.4% |
| CORN | 2022-01-05 | [Corn 2021 review, highlights and what to expect for 2022 - Fastmarkets](https://feedsoft.ai/events/43042-corn-2021-review-highlights-and-what-to-expect-for-2022-fastmarkets.md) | +1.5% | +4.5% |
| CORN | 2019-05-07 | [Morning Market Review for May 7, 2019 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/7492-morning-market-review-for-may-7-2019-highline-grain-growers-inc.md) | -1.5% | +10.7% |
| CORN | 2020-10-05 | [Grain Markets Start the Week Higher - ProAg](https://feedsoft.ai/events/11633-grain-markets-start-the-week-higher-proag.md) | +0.6% | +5.8% |

## Sources

- grainsprices.com: https://grainsprices.com/article/16266

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