# Grains in the crosshairs on tight supply concerns | Saxo

> US grain futures rebounded after USDA quarterly stocks and annual acreage reports came in below expectations. Corn stocks are at their lowest since at least 2015, and drought risks are rising in northwestern US and Canada while wet weather hits parts of the farm belt.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/5763-grains-in-the-crosshairs-on-tight-supply-concerns-saxo
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter US stocks and reduced planted acreage raise the risk to global supplies, supporting grain prices into the harvest.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-01-31 | [What is the corn supply truth? - High Plains Journal](https://feedsoft.ai/events/55096-what-is-the-corn-supply-truth-high-plains-journal.md) | -0.6% | -3.2% |
| CORN | 2022-04-22 | [North America faces high feed prices, tight grain supply \| Feed Strategy](https://feedsoft.ai/events/41977-north-america-faces-high-feed-prices-tight-grain-supply-feed-strategy.md) | -0.2% | -2.1% |
| CORN | 2024-05-02 | [Setting the Record Straight on Ukraine’s Grain Exports](https://feedsoft.ai/events/14303-setting-the-record-straight-on-ukraine-s-grain-exports.md) | +0.9% | +5.7% |
| CORN | 2016-11-01 | [EU Commission: EU grain harvest small - supply close](https://feedsoft.ai/events/73795-eu-commission-eu-grain-harvest-small-supply-close.md) | +1.9% | -4.3% |
| CORN | 2018-03-12 | [Domestic supply gains raise concern for broiler industry \| WATTAgNet \| WATTPoultry.com](https://feedsoft.ai/events/66151-domestic-supply-gains-raise-concern-for-broiler-industry-wattagnet-wattpoultry.md) | +1.7% | +5.0% |
| SOY | 2021-07-28 | [EU suggests the concern may be quality, not quantity: Grain market daily \| AHDB](https://feedsoft.ai/events/12498-eu-suggests-the-concern-may-be-quality-not-quantity-grain-market-daily-ahdb.md) | -1.8% | -5.7% |
| SOY | 2022-02-03 | [Vegetable oil prices hit all-time high over supply concerns: FAO \| Food Dive](https://feedsoft.ai/events/8088-vegetable-oil-prices-hit-all-time-high-over-supply-concerns-fao-food-dive.md) | +3.2% | +8.7% |
| SOY | 2023-08-16 | [Soybean supplies look tight, but more could be on the way \| Feed Strategy](https://feedsoft.ai/events/34514-soybean-supplies-look-tight-but-more-could-be-on-the-way-feed-strategy.md) | +2.1% | +1.0% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/grains-in-the-crosshairs-on-tight-supply-concerns-01072021

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