# Market Perspectives – December 31, 2020 - U.S. Grains & BioProducts Council

> The U.S. Grains Council reports that March corn futures rose 51.5 cents, or 11.9%, in recent sessions, with new contract highs in eight straight trading days. The rally followed Argentina's drought, which left early corn in poor condition, and a government ban on new corn export sales until March 1, 2021. Strikes at Argentine ports also affected exports.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/49574-market-perspectives-december-31-2020-u-s-grains-and-bioproducts-council
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentina's export ban removes a major source of global corn supply through the first quarter of 2021, which supports prices for US corn and soybeans. Buyers of feed grains should expect elevated prices while the ban and dryness persist.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-12-19 | [Market Perspectives – December 19, 2019 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/55636-market-perspectives-december-19-2019-page-7-of-10-u-s-grains-and-bioproducts.md) | +0.5% | +0.7% |
| CORN | 2018-09-06 | [Market Perspectives - September 6, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/62938-market-perspectives-september-6-2018-page-7-of-11-u-s-grains-and-bioproducts.md) | -2.1% | +1.4% |
| CORN | 2020-03-19 | [Council Looks Back At USMCA’s Development Following Canadian Approval - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/54107-council-looks-back-at-usmca-s-development-following-canadian-approval-u-s.md) | +1.1% | -1.8% |
| CORN | 2025-12-05 | [Fertilizer market November/December 2025 market report](https://feedsoft.ai/events/5186-fertilizer-market-november-december-2025-market-report.md) | -0.4% | -0.0% |
| CORN | 2025-06-13 | [U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal \| The Western Producer](https://feedsoft.ai/events/8580-u-s-grains-soybeans-climb-soyoil-soars-daily-limit-on-us-biofuel-proposal-the.md) | -0.8% | -3.2% |
| SOY | 2017-07-30 | [Daily market wire 31 July 2017 - Grain Central](https://feedsoft.ai/events/7128-daily-market-wire-31-july-2017-grain-central.md) | -5.1% | -6.2% |
| SOY | 2025-06-13 | [U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal \| The Western Producer](https://feedsoft.ai/events/8580-u-s-grains-soybeans-climb-soyoil-soars-daily-limit-on-us-biofuel-proposal-the.md) | +2.5% | -4.3% |
| SOY | 2024-01-11 | [Increasing biodiesel production impacting soybean markets – AgriNews](https://feedsoft.ai/events/15243-increasing-biodiesel-production-impacting-soybean-markets-agrinews.md) | -1.2% | -2.9% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-december-31-2020/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-31-2020/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-31-2020/7/

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