# CBOT corn higher - Markets - Business Recorder

> CBOT corn futures hit a 6-1/2-year high on Wednesday, extending gains to a 13th straight session. Argentina's agriculture ministry said it would suspend corn exports until March 1 to protect domestic supplies, and dry South American weather added to supply concerns. March corn settled at $4.74-1/2 a bushel, the highest most-active level since May 2014.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/49676-cbot-corn-higher-markets-business-recorder
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Argentina is a major corn exporter, and a suspension of about 4 million tonnes removes supply from the world market during a dry spell. This tightens global corn availability and supports higher feed corn prices.

## Read by commodity

- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-01-05 | 5 | +8.4% | 2.9 | Corn hit a 6.5-year high on Argentina's export suspension and dry weather, building momentum into the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-02-01 | [Wheat down 3-4 cents, corn up 1-3 cents, soy down 4-5 cents - Markets - Business Recorder](https://feedsoft.ai/events/5824-wheat-down-3-4-cents-corn-up-1-3-cents-soy-down-4-5-cents-markets-business.md) | +0.8% | -2.0% |
| CORN | 2021-02-04 | [News Archives for Markets - 2021-02-04 - Business Recorder](https://feedsoft.ai/events/9449-news-archives-for-markets-2021-02-04-business-recorder.md) | -3.1% | -3.9% |
| CORN | 2024-06-07 | [Corn, soy futures rise on new Brazilian tax rule - Markets - Business Recorder](https://feedsoft.ai/events/6150-corn-soy-futures-rise-on-new-brazilian-tax-rule-markets-business-recorder.md) | +5.6% | -4.9% |
| CORN | 2021-01-05 | [Chicago soybeans near 6-1/2-year high on LatAm supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/11547-chicago-soybeans-near-6-1-2-year-high-on-latam-supply-concerns-markets-business.md) | +3.1% | +14.6% |
| CORN | 2018-02-12 | [Higher palay-buying price eyed to steady rice market \|  BusinessMirror](https://feedsoft.ai/events/66582-higher-palay-buying-price-eyed-to-steady-rice-market-businessmirror.md) | +0.8% | +3.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40046429

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