# What to look out for in northern market | Farm Weekly | WA

> Australian market activity has been quiet as heavy early exports pause and buyers await new-crop direction from the Northern Hemisphere. A tighter US corn balance sheet following the USDA acreage survey and poor northern Plains and Canadian moisture are supporting wheat and feed grains, while Black Sea production faces no major impediments.

- Date: 2021-04-20 · published 2021-04-20T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47560-what-to-look-out-for-in-northern-market-farm-weekly-wa
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Tight global feed grain supplies and weather risk in the US and Europe support corn and wheat prices, though favourable Black Sea conditions and stable wheat balance sheets limit gains.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- BARLEY: neutral
- SORGHUM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-08-28 | [Farming News - ADM Wheat & OSR weekly market update](https://feedsoft.ai/events/51661-farming-news-adm-wheat-and-osr-weekly-market-update.md) | +0.0% | +5.4% |
| CORN | 2019-05-19 | [Markets finally respond to wet weather - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5629-markets-finally-respond-to-wet-weather-agweek-1-source-for-agriculture-news.md) | +3.2% | +10.8% |
| CORN | 2019-05-15 | [CBOT weekly outlook: Factors come together to boost prices - Manitoba Co-operator](https://feedsoft.ai/events/6667-cbot-weekly-outlook-factors-come-together-to-boost-prices-manitoba-co-operator.md) | +5.5% | +11.1% |
| CORN | 2017-04-10 | [WEEKLY GRAIN MOVEMENT: Wet fields sideline farmers for now](https://feedsoft.ai/events/71398-weekly-grain-movement-wet-fields-sideline-farmers-for-now.md) | +0.9% | +1.8% |
| CORN | 2026-09-29 | [El Niño 2026/27: the signals SA farmers should look out for](https://feedsoft.ai/events/17401-el-nino-2026-27-the-signals-sa-farmers-should-look-out-for.md) | -4.3% | -8.8% |
| WHEAT | 2020-08-28 | [Farming News - ADM Wheat & OSR weekly market update](https://feedsoft.ai/events/51661-farming-news-adm-wheat-and-osr-weekly-market-update.md) | -2.6% | +6.6% |
| WHEAT | 2017-04-19 | [Grain trade turns nervous on weather market - Farmers Weekly](https://feedsoft.ai/events/71556-grain-trade-turns-nervous-on-weather-market-farmers-weekly.md) | +1.2% | -0.1% |
| WHEAT | 2018-09-21 | [Farming News - Weekly snapshot of the wheat & OSR markets](https://feedsoft.ai/events/63133-farming-news-weekly-snapshot-of-the-wheat-and-osr-markets.md) | -0.1% | +7.7% |

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/7217925/what-to-look-out-for-in-northern-market/

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