# Corn Climbs Toward $7 as Brazil Drought Adds to Supply Woes - Bloomberg

> Corn futures rose toward $7 a bushel, near an eight-year high, as drought in Brazil threatens supply from the world's second-largest exporter. Somar said rain in the coming week will miss some key growing areas, and Safras and StoneX Brazil have cut harvest estimates.

- Date: 2021-05-04 · published 2021-05-04T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/47114-corn-climbs-toward-7-as-brazil-drought-adds-to-supply-woes-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A Brazilian second-crop corn shortfall would tighten already stretched global supplies and could push prices and feed costs higher for buyers.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-05-03 | [Drought in Brazil adds to corn conundrum - Grain Central](https://feedsoft.ai/events/13721-drought-in-brazil-adds-to-corn-conundrum-grain-central.md) | +3.6% | +3.0% |
| CORN | 2024-08-23 | [Drought reduces corn yields in Brazil](https://feedsoft.ai/events/13551-drought-reduces-corn-yields-in-brazil.md) | +0.2% | +6.1% |
| CORN | 2020-11-30 | [Drought Continues to Hamper Brazil's Corn, Soybean Growing Season](https://feedsoft.ai/events/50007-drought-continues-to-hamper-brazil-s-corn-soybean-growing-season.md) | -1.5% | -1.0% |
| CORN | 2021-04-12 | [US corn outlook 'very concerning' as drought adds to planting woe - Fastmarkets](https://feedsoft.ai/events/47434-us-corn-outlook-very-concerning-as-drought-adds-to-planting-woe-fastmarkets.md) | +0.9% | +25.0% |
| CORN | 2024-07-03 | [Brazil’s Second Corn Crop Slightly Smaller Amid Drought](https://feedsoft.ai/events/13560-brazil-s-second-corn-crop-slightly-smaller-amid-drought.md) | +0.7% | -0.8% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-05-04/fastest-u-s-corn-planting-since-2015-cools-bullish-market-mood

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