# Ag Markets Continue to Rebound Higher | Feed & Grain

> A USDA Agricultural Attaché report forecasts Argentina's 2020/21 corn crop at 47.0 million tonnes, 0.5 million below USDA's official figure due to drought damage, and corn consumption at 14.4 million tonnes. Argentine corn exports are projected at 34.0 million tonnes and wheat exports at 11.3 million tonnes, 0.7 million lower than the last USDA estimate. NOAA also now projects La Niña to intensify from late April through July.

- Date: 2021-01-26 · published 2021-01-26T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/49075-ag-markets-continue-to-rebound-higher-feed-and-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Argentine corn and wheat supplies tighten global exportable supply, and a stronger La Niña points to further dryness risk, both of which support prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2020-12-03 | [Markets Unable to Hold Overnight Gains \| Feed & Grain](https://feedsoft.ai/events/49626-markets-unable-to-hold-overnight-gains-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2018-10-12 | [Grain markets continue to test our patience — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/62582-grain-markets-continue-to-test-our-patience-this-week-in-the-grain-markets.md) | +2.4% | +3.2% |
| CORN | 2021-05-05 | [Prices higher, corn continues tight: IGC - Grain Central](https://feedsoft.ai/events/47118-prices-higher-corn-continues-tight-igc-grain-central.md) | +1.4% | -4.0% |
| CORN | 2020-12-03 | [USDA Grain Stocks & WASDE Shock Markets \| Feed & Grain](https://feedsoft.ai/events/49679-usda-grain-stocks-and-wasde-shock-markets-feed-and-grain.md) | +0.0% | +3.9% |
| WHEAT | 2021-05-05 | [Prices higher, corn continues tight: IGC - Grain Central](https://feedsoft.ai/events/47118-prices-higher-corn-continues-tight-igc-grain-central.md) | +5.2% | -1.0% |
| WHEAT | 2020-08-26 | [Coceral cuts EU grain harvest 2020 again market report](https://feedsoft.ai/events/51572-coceral-cuts-eu-grain-harvest-2020-again-market-report.md) | -1.7% | +7.4% |
| WHEAT | 2020-12-01 | [Corn Market Blindsided by Large U.S. Supply Revision \| Feed & Grain](https://feedsoft.ai/events/49581-corn-market-blindsided-by-large-u-s-supply-revision-feed-and-grain.md) | +9.5% | +8.9% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15388150/ag-markets-continue-to-rebound-higher

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