# Odds for summer grain market rally look good

> Farm Futures analyst Bryce Knorr notes unusually strong demand for 2020 crops and says supply will drive the narrative once 2021 planting intentions are released March 31. Historical data since 1974 show spring lows were followed by rallies above 5% in most years for December corn and November soybeans, with the ENSO outlook a key factor.

- Date: 2021-03-23 · published 2021-03-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47959-odds-for-summer-grain-market-rally-look-good
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Historical odds favoring summer rallies and dry western conditions support new-crop corn and soybean prices, though the outcome depends on the evolving La Niña to El Niño transition.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/odds-for-summer-grain-market-rally-look-good

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