# Corn Rally Sparks Worry for Food Ingredients Sector | CZ app

> Global corn prices reached an eight-year high as China bought at least 5.8 million tonnes in a single week to rebuild its hog herd. Poor US production, snowy conditions in South America and a weak Ukrainian crop, which must now import 7.5 million tonnes, added further support.

- Date: 2021-02-02 · published 2021-02-02T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/48966-corn-rally-sparks-worry-for-food-ingredients-sector-cz-app
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong Chinese import demand combined with tighter supply from the US, South America and Ukraine tightens global corn stocks and supports higher corn and feed prices.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-03-16 | [Strong Asian rice demand for animal feed sparks food supply worries](https://feedsoft.ai/events/11337-strong-asian-rice-demand-for-animal-feed-sparks-food-supply-worries.md) | +0.1% | +4.8% |
| CORN | 2025-11-05 | [Mexico – Senators propose labeling of food products containing genetically modified ingredients \| infoAlimentario](https://feedsoft.ai/events/21931-mexico-senators-propose-labeling-of-food-products-containing-genetically.md) | +1.0% | +2.3% |
| CORN | 2021-01-26 | [Rally continues for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/4062-rally-continues-for-soybeans-corn-wheat-brownfield-ag-news.md) | +5.1% | +1.5% |
| CORN | 2021-11-24 | [China’s Corn Imports Up 236% from 2020 \| CZ app](https://feedsoft.ai/events/14982-china-s-corn-imports-up-236-from-2020-cz-app.md) | -3.8% | -0.0% |
| CORN | 2024-01-18 | [India's corn exports plunge as local prices rally on strong demand](https://feedsoft.ai/events/32179-india-s-corn-exports-plunge-as-local-prices-rally-on-strong-demand.md) | +1.1% | -5.6% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/corn-rally-sparks-worry-for-food-ingredients-sector/

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