# Morning Market Review for Feb. 1, 2021 - Northwest Grain Growers

> Corn gained 9.5% last week after large sales to China and strong USDA export data, while soybeans rose more modestly. Overnight, corn was up 7 to 8 cents and soybeans up 5 to 6 cents, with wheat steady to lower.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/5826-morning-market-review-for-feb-1-2021-northwest-grain-growers
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong export sales to China support corn and soybean prices, which raises feed ingredient costs for buyers, though fundamentals are not expected to shift dramatically.

## 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 gained 9.5% last week on large Chinese purchases and strong USDA export data, which directly describes the demand-driven move in the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-04-26 | [Grain market week in review - April 26, 2019](https://feedsoft.ai/events/10959-grain-market-week-in-review-april-26-2019.md) | +0.6% | +5.3% |
| CORN | 2020-10-26 | [Weekly Corn Market Review](https://feedsoft.ai/events/5714-weekly-corn-market-review.md) | +0.3% | +10.2% |
| CORN | 2021-09-15 | [Daily Market Wire 16 September 2021 - Grain Central](https://feedsoft.ai/events/12294-daily-market-wire-16-september-2021-grain-central.md) | -2.7% | -1.7% |
| CORN | 2017-10-27 | [U.S. corn, DDGS compete in Canada for feed grains market share](https://feedsoft.ai/events/68571-u-s-corn-ddgs-compete-in-canada-for-feed-grains-market-share.md) | -0.2% | -5.4% |
| CORN | 2018-08-20 | [Farmers ponder grain tariff counter-moves - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63517-farmers-ponder-grain-tariff-counter-moves-agweek-1-source-for-agriculture-news.md) | -2.8% | -4.9% |
| SOY | 2018-05-26 | [Grain market week in review - May 25, 2018](https://feedsoft.ai/events/12669-grain-market-week-in-review-may-25-2018.md) | -3.8% | -16.0% |
| SOY | 2020-10-26 | [Grain market review: Oilseeds \| 2020-10-26  \| World Grain](https://feedsoft.ai/events/7135-grain-market-review-oilseeds-2020-10-26-world-grain.md) | -2.5% | +9.0% |
| SOY | 2021-09-15 | [Daily Market Wire 16 September 2021 - Grain Central](https://feedsoft.ai/events/12294-daily-market-wire-16-september-2021-grain-central.md) | -0.2% | -6.1% |

## Sources

- nwgrgr.com: https://nwgrgr.com/story-morning-market-review-feb-1-2021-22-210570

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