# Corn extends losses; Chinese demand keeps prices near 2013 peak | Financial Post

> US corn futures edged lower for a second session on Feb. 2, 2021, retreating from a seven-year high reached the previous day. Soybeans and wheat also declined, while Argentine grain exports were disrupted by trucker roadblocks around Buenos Aires province ports.

- Date: 2021-02-03 · published 2021-02-03T12:00:00.000Z
- Category: logistics · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/5828-corn-extends-losses-chinese-demand-keeps-prices-near-2013-peak-financial-post
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong Chinese demand keeps corn near multi-year highs, while Argentine port disruptions could tighten South American export supply and support soybean and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-10-30 | [Domestic demand for soybeans, export demand for corn keeps prices up - High Plains Journal](https://feedsoft.ai/events/39175-domestic-demand-for-soybeans-export-demand-for-corn-keeps-prices-up-high-plains.md) | -2.2% | -3.8% |
| CORN | 2020-09-27 | [Argentine grains port workers to strike after talks collapse \| Financial Post](https://feedsoft.ai/events/51122-argentine-grains-port-workers-to-strike-after-talks-collapse-financial-post.md) | +3.1% | +8.8% |
| CORN | 2026-02-23 | [High barge freight keeps US corn and soybean CIF NOLA elevated \| S&P Global](https://feedsoft.ai/events/16388-high-barge-freight-keeps-us-corn-and-soybean-cif-nola-elevated-s-and-p-global.md) | +2.1% | +7.7% |
| CORN | 2023-04-24 | [Argentine transporters strike, threatening grains shipments \| Financial Post](https://feedsoft.ai/events/13971-argentine-transporters-strike-threatening-grains-shipments-financial-post.md) | -0.7% | -9.9% |
| CORN | 2021-02-17 | [Freight rates accelerate Asian corn prices, marking new historical high](https://feedsoft.ai/events/48516-freight-rates-accelerate-asian-corn-prices-marking-new-historical-high.md) | +0.3% | -4.7% |
| SOY | 2022-10-30 | [Domestic demand for soybeans, export demand for corn keeps prices up - High Plains Journal](https://feedsoft.ai/events/39175-domestic-demand-for-soybeans-export-demand-for-corn-keeps-prices-up-high-plains.md) | +4.6% | +5.0% |
| SOY | 2019-12-13 | [Argentine soy giant Vicentin suspends crushing amid debt crisis - sources \| Financial Post](https://feedsoft.ai/events/55421-argentine-soy-giant-vicentin-suspends-crushing-amid-debt-crisis-sources.md) | +2.9% | +3.5% |
| SOY | 2022-05-04 | [Soybean prices in Ukraine are falling amid falling demand for meal and cake](https://feedsoft.ai/events/41517-soybean-prices-in-ukraine-are-falling-amid-falling-demand-for-meal-and-cake.md) | -1.7% | +1.9% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/corn-extends-losses-chinese-demand-keeps-prices-near-2013-peak

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