# Prices higher, corn continues tight: IGC - Grain Central

> The International Grains Council projects 2021/22 total grains output at 2,287 million tonnes, 3% above the prior year, with closing stocks flat at 609Mt. Corn stocks are forecast to fall 7% to their lowest in nine years, while the corn price index rose 93% this year.

- Date: 2021-05-05 · published 2021-05-05T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47118-prices-higher-corn-continues-tight-igc-grain-central
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Falling corn carryout and high corn prices are pushing feeders to substitute wheat, which supports corn prices and shifts feed demand toward wheat.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-11-03 | [Grains, oilseeds prices six-year high: IGC - Grain Central](https://feedsoft.ai/events/50192-grains-oilseeds-prices-six-year-high-igc-grain-central.md) | +0.0% | +8.8% |
| CORN | 2019-08-30 | [Corn tightens but wheat and barley bountiful: IGC - Grain Central](https://feedsoft.ai/events/57608-corn-tightens-but-wheat-and-barley-bountiful-igc-grain-central.md) | -2.4% | +1.4% |
| CORN | 2021-01-26 | [Ag Markets Continue to Rebound Higher \| Feed & Grain](https://feedsoft.ai/events/49075-ag-markets-continue-to-rebound-higher-feed-and-grain.md) | +5.1% | +1.5% |
| CORN | 2019-11-08 | [Grains, oilseed prices firmed: FAO-AMIS - Grain Central](https://feedsoft.ai/events/56101-grains-oilseed-prices-firmed-fao-amis-grain-central.md) | +0.0% | -0.3% |
| CORN | 2022-04-22 | [North America faces high feed prices, tight grain supply \| Feed Strategy](https://feedsoft.ai/events/41977-north-america-faces-high-feed-prices-tight-grain-supply-feed-strategy.md) | -0.2% | -2.1% |
| WHEAT | 2020-11-03 | [Grains, oilseeds prices six-year high: IGC - Grain Central](https://feedsoft.ai/events/50192-grains-oilseeds-prices-six-year-high-igc-grain-central.md) | +0.4% | -6.2% |
| WHEAT | 2021-12-15 | [Higher grain prices expected in 2022 \| Capital Press](https://feedsoft.ai/events/43671-higher-grain-prices-expected-in-2022-capital-press.md) | +4.2% | +7.4% |
| WHEAT | 2021-01-26 | [Ag Markets Continue to Rebound Higher \| Feed & Grain](https://feedsoft.ai/events/49075-ag-markets-continue-to-rebound-higher-feed-and-grain.md) | -9.4% | -0.2% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/prices-higher-corn-continues-tight-igc/

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