# Some Commodities Have Now Wiped Out All of Their 2021 Rally - Bloomberg

> Commodity futures have erased their 2021 gains, sliding more than 20% from an eight-year high reached in May. Corn and wheat also tumbled, and the Bloomberg Grains Spot Subindex posted its largest drop since 2009 on Thursday before edging higher Friday.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/5758-some-commodities-have-now-wiped-out-all-of-their-2021-rally-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A broad liquidation across grains and metals pressures feed input prices, though the sell-off reflects sentiment and fund flows more than a change in physical supply.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-06-25 | 5 | -6.6% | -2.9 | The commodity-wide unwind, with the Bloomberg Grains subindex posting its biggest drop since 2009, shows fund liquidation hitting wheat. |
| SOY | 2021-06-16 | 5 | -11.8% | -5.5 | Commodity futures erased 2021 gains with grains posting the largest drop since 2009, indicating broad liquidation. |
| WHEAT | 2021-06-21 | 1 | -5.4% | -4.3 | Broad commodity unwind and record grain-index drop show heavy fund liquidation, a sentiment channel that likely carried into the June 21 wheat decline. |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-06-17/amid-talk-of-a-supercycle-some-commodities-wipe-out-2021-gains

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