# Sharp rise in price for the CBoT maize future

> Chicago corn futures rose to their highest level in 6.5 years after Argentina announced it would halt corn export sales because dry weather threatens its harvest. The most active CBOT corn contract gained about 1.1% to $4.81 a bushel and rose 23.5% over 2020. The Argentine agriculture ministry said exports would stop until February 28 to secure local food supplies.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/49678-sharp-rise-in-price-for-the-cbot-maize-future
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

An export halt from a major supplier tightens global corn trade at a time of weather risk in South America. Feed buyers should expect firmer corn prices and higher costs for imported supplies.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-29 | [Bank forecasts rise in food prices next month](https://feedsoft.ai/events/9191-bank-forecasts-rise-in-food-prices-next-month.md) | +2.5% | +2.3% |
| CORN | 2022-01-21 | [Grain-based ethanol manufacturers demand dual pricing for maize, rice feedstock - The HinduBusinessLine](https://feedsoft.ai/events/43134-grain-based-ethanol-manufacturers-demand-dual-pricing-for-maize-rice-feedstock.md) | +1.4% | +6.9% |
| CORN | 2021-01-29 | [Export rules by some countries force rise in global crop prices \| AGDAILY](https://feedsoft.ai/events/49099-export-rules-by-some-countries-force-rise-in-global-crop-prices-agdaily.md) | +2.4% | -0.7% |
| CORN | 2021-05-20 | [The race for green fuel is on](https://feedsoft.ai/events/46967-the-race-for-green-fuel-is-on.md) | -4.4% | +4.0% |
| CORN | 2025-06-26 | [India’s oilseed output may fall as farmers shift to maize for ethanol - The Economic Times](https://feedsoft.ai/events/24316-india-s-oilseed-output-may-fall-as-farmers-shift-to-maize-for-ethanol-the.md) | +4.6% | -1.5% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-sharp-rise-price-cbot-maize-future-argentina-restricts-exports-2020-12-31

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