# Crop markets surge on export, domestic demand

> Corn and soybean futures had surged over the prior two months after struggling earlier in 2020. The rally was attributed to smaller-than-expected supplies and strong domestic and export demand during harvest.

- Date: 2020-10-26 · published 2020-10-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5713-crop-markets-surge-on-export-domestic-demand
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter-than-expected supplies lift feed grain and meal costs for livestock buyers. The harvest-time rally runs against the usual seasonal decline, so feed budgets should reflect firmer prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2020-10-26 | 1 | +4.2% | 5.9 | Published on the move date, it attributes the rally to smaller-than-expected supplies and strong domestic and export demand, which supports continued upward momentum. |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/Crop-markets-surge-on-export-domestic-demand

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