# Corn Market

> Chicago maize prices rose sharply from April 16 to April 23, with May delivery up $28/t to $258/t, the highest in eight years. China cancelled a purchase of 120 kt of U.S. maize for 2020/21 and bought 500 kt of French wheat for feed, and Chinese authorities urged northern feed makers to cut maize use by 15%.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/47628-corn-market
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

China cutting maize purchases and substituting wheat and by-products reduces export demand for U.S. corn, while tight global balances and Brazil weather fears support prices. Feed buyers should expect volatile prices with competing demand signals.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-26 | [Weekly Corn Market Review](https://feedsoft.ai/events/5714-weekly-corn-market-review.md) | +0.3% | +10.2% |
| CORN | 2020-10-29 | [CEPM Corn Market n°239 \| Maiz'Europ'](https://feedsoft.ai/events/50673-cepm-corn-market-n-239-maiz-europ.md) | -0.2% | +8.5% |
| CORN | 2024-02-01 | [Barley market prospects](https://feedsoft.ai/events/32193-barley-market-prospects.md) | -4.7% | -6.6% |
| CORN | 2016-11-01 | [Surging ethanol exports are helping to support corn market](https://feedsoft.ai/events/73854-surging-ethanol-exports-are-helping-to-support-corn-market.md) | +1.9% | -4.3% |
| CORN | 2018-03-07 | [Milo Market Mauled by Dragon](https://feedsoft.ai/events/66062-milo-market-mauled-by-dragon.md) | +2.6% | +3.8% |
| WHEAT | 2018-12-03 | [Agri Marketing Update](https://feedsoft.ai/events/11129-agri-marketing-update.md) | +0.9% | +1.8% |
| WHEAT | 2019-12-13 | [Ag Markets Close on Daily Highs](https://feedsoft.ai/events/6299-ag-markets-close-on-daily-highs.md) | +2.1% | +4.6% |
| WHEAT | 2023-03-26 | [Daily Market Wire 27 March 2023 - Grain Central](https://feedsoft.ai/events/5084-daily-market-wire-27-march-2023-grain-central.md) | +10.6% | -4.5% |

## Sources

- maizeurop.com: https://www.maizeurop.com/en/publication/corn-market-263/

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