# Corn Soars to Limit Gains, Soybeans Reach New Highs

> USDA's January report cut the 2020 U.S. corn yield by 3.8 bushels per acre to 172 bpa, reducing production by 325 million bushels. December 1 corn stocks came in well below trade estimates, and March corn futures rose the 25-cent daily limit. Soybeans also reached new highs after the report.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/48991-corn-soars-to-limit-gains-soybeans-reach-new-highs
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A sharply smaller corn crop and record early-season usage tighten supplies for feed users, and the surprise pulled corn and soybeans higher together. Feed costs are likely to stay firm.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-08-16 | [TNAU Agritech Portal: US: Soybeans gain as soyoil rallies, pulls corn higher](https://feedsoft.ai/events/11868-tnau-agritech-portal-us-soybeans-gain-as-soyoil-rallies-pulls-corn-higher.md) | +1.4% | -1.3% |
| CORN | 2017-07-27 | [USDA exports – Soybean sales drop, new-crop corn has big gain](https://feedsoft.ai/events/69825-usda-exports-soybean-sales-drop-new-crop-corn-has-big-gain.md) | -1.3% | -7.0% |
| CORN | 2026-04-11 | [Soybeans up and corn down in planting report - High Plains Journal](https://feedsoft.ai/events/19799-soybeans-up-and-corn-down-in-planting-report-high-plains-journal.md) | +1.7% | +3.2% |
| CORN | 2020-09-30 | [Big gains in corn, soybeans, wheat after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8791-big-gains-in-corn-soybeans-wheat-after-usda-numbers-brownfield-ag-news.md) | +1.5% | +11.3% |
| CORN | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +5.8% | +11.6% |
| SOY | 2026-05-29 | [Soybeans Rise Toward 2-Year Highs](https://feedsoft.ai/events/19296-soybeans-rise-toward-2-year-highs.md) | -5.4% | -5.7% |
| SOY | 2025-01-14 | [US soybean meal exports set to reach record highs in 2024/25 \| Feed & Grain](https://feedsoft.ai/events/26589-us-soybean-meal-exports-set-to-reach-record-highs-in-2024-25-feed-and-grain.md) | +2.5% | +0.2% |
| SOY | 2023-11-01 | [U.S. Soybean Meal Exports Expected to Reach Record High](https://feedsoft.ai/events/33689-u-s-soybean-meal-exports-expected-to-reach-record-high.md) | +4.8% | +4.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/01/12/corn-soars-limit-gains-soybeans-new

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