# GLOBAL COMMODITY MARKET – This could be a very fruitful and record-breaking year! – Lider Media

> At the USDA Ag Outlook Forum, economist Seth Meyer projected 92 million acres of corn, 90 million acres of soybeans and 12 million acres of cotton for 2021. Soybean plantings would rise about 7 million acres from 2020, while corn and cotton would be roughly flat. The projections assume normal planting weather.

- Date: 2021-02-20 · published 2021-02-20T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48735-global-commodity-market-this-could-be-a-very-fruitful-and-record-breaking-year
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger soybean area points to more supply later in the year, which is bearish for soybeans and soybean meal prices if realized. Corn acreage near last year's level leaves its outlook largely unchanged.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-11-07 | [Global poultry markets recover as challenges ease - Rabobank
						 \| The Poultry Site](https://feedsoft.ai/events/33319-global-poultry-markets-recover-as-challenges-ease-rabobank-the-poultry-site.md) | -0.8% | -1.1% |
| CORN | 2020-11-19 | [E-Malt: E-Malt.com News article:  Canada: Barley crop quality very good this year](https://feedsoft.ai/events/50229-e-malt-e-malt-com-news-article-canada-barley-crop-quality-very-good-this-year.md) | -1.2% | +0.0% |
| CORN | 2023-12-14 | [Breaking Down the Markets: December 2023 \| AgCountry](https://feedsoft.ai/events/9991-breaking-down-the-markets-december-2023-agcountry.md) | +1.5% | +1.2% |
| CORN | 2022-04-14 | [Rabobank: Global economics to affect pork market, costs \| MEAT+POULTRY](https://feedsoft.ai/events/41978-rabobank-global-economics-to-affect-pork-market-costs-meat-poultry.md) | +3.1% | +1.9% |
| CORN | 2024-07-05 | [Global factors shape SA barley and corn market outlook \| Stock Journal \| SA](https://feedsoft.ai/events/29331-global-factors-shape-sa-barley-and-corn-market-outlook-stock-journal-sa.md) | +1.0% | -1.1% |
| SOY | 2024-12-31 | [COMMODITIES 2025: Brazil’s feedstocks market juggles record crop, rising biodiesel blend](https://feedsoft.ai/events/27049-commodities-2025-brazil-s-feedstocks-market-juggles-record-crop-rising.md) | +1.0% | +8.0% |
| SOY | 2024-05-16 | [Global soybean supply to increase in marketing year 2024/25 \| Feed & Grain](https://feedsoft.ai/events/30322-global-soybean-supply-to-increase-in-marketing-year-2024-25-feed-and-grain.md) | +2.7% | -2.0% |
| SOY | 2018-09-21 | [Surprising Drop in Prices of Corn, Soybeans, and Soy Meal – Lider Media](https://feedsoft.ai/events/62927-surprising-drop-in-prices-of-corn-soybeans-and-soy-meal-lider-media.md) | +0.6% | +1.6% |

## Sources

- en.lider.media: https://en.lider.media/2021/02/20/global-commodity-market-this-could-be-a-very-fruitful-and-record-breaking-year/

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