# TFM Sunrise Update 02-01-2021 - Total Farm Marketing by Stewart-Peterson

> March corn rose to a new high of 5.55-3/4 overnight and December reached 4.50 as old-crop contracts led the complex higher. Export commitments are running well ahead of last year, and analysts see carryout shrinking toward 1.052 billion bushels versus USDA's estimate near 1.552 billion.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/5823-tfm-sunrise-update-02-01-2021-total-farm-marketing-by-stewart-peterson
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A tighter projected US corn carryout supports prices, raising feed corn costs for buyers; the upcoming USDA report could confirm or revise the tightening.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-01-29 | 5 | +8.0% | 2.8 | Corn hit new highs as export commitments ran well ahead of last year and analysts expected carryout to shrink, which reflects the tightening balance sheet behind the rally, though it is dated just after the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-13 | [Grain market update \| Saxo](https://feedsoft.ai/events/11789-grain-market-update-saxo.md) | +2.6% | +4.2% |
| CORN | 2018-04-03 | [Planting report leads to market rally - Farm and Dairy](https://feedsoft.ai/events/65541-planting-report-leads-to-market-rally-farm-and-dairy.md) | +0.7% | +1.4% |
| CORN | 2021-04-01 | [UK feed wheat price rises after surprise in global market - Farmers Weekly](https://feedsoft.ai/events/47552-uk-feed-wheat-price-rises-after-surprise-in-global-market-farmers-weekly.md) | +0.1% | +17.6% |
| CORN | 2021-08-13 | [WASDE update: Wheat market continues to tighten \| articles \| ING THINK](https://feedsoft.ai/events/45502-wasde-update-wheat-market-continues-to-tighten-articles-ing-think.md) | -1.7% | -9.0% |
| CORN | 2024-03-29 | [Let’s Get Going, 2024! \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/31218-let-s-get-going-2024-farm-bureau-intel-markets-american-farm-bureau-federation.md) | -4.2% | -6.0% |
| SOY | 2017-10-31 | [Feed market update - Pig World](https://feedsoft.ai/events/68554-feed-market-update-pig-world.md) | +1.2% | +2.1% |
| SOY | 2020-10-13 | [Grain market update \| Saxo](https://feedsoft.ai/events/11789-grain-market-update-saxo.md) | +2.0% | +6.9% |
| SOY | 2018-04-03 | [Planting report leads to market rally - Farm and Dairy](https://feedsoft.ai/events/65541-planting-report-leads-to-market-rally-farm-and-dairy.md) | +1.1% | +0.2% |

## Sources

- totalfarmmarketing.com: https://www.totalfarmmarketing.com/tfm-sunrise-update-02-01-2021/

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