# World events and their effect on agricultural commodity prices

> A columnist reviews how world events affect grain markets, noting that global grain ending stocks and stocks-to-use ratios are slowly rising, signaling a building inventory surplus. He highlights that Canadian canola is the exception, with falling stocks due to strong exports and crush demand. He also flags uncertainty from U.S. trade policy under the new administration.

- Date: 2017-01-27 · published 2017-01-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/73092-world-events-and-their-effect-on-agricultural-commodity-prices
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A building global grain surplus is bearish for prices, while tight canola stocks support canola values. Trade policy uncertainty adds volatility risk for feed grain and meal pricing.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-21 | [COVID-19 infects nearly all commodity prices \| Capital Press](https://feedsoft.ai/events/6503-covid-19-infects-nearly-all-commodity-prices-capital-press.md) | -1.6% | +0.5% |
| CORN | 2020-05-12 | [COVID 19: Analysis of Food Commodity Price Indices](https://feedsoft.ai/events/7502-covid-19-analysis-of-food-commodity-price-indices.md) | +0.6% | +4.2% |
| CORN | 2022-10-31 | [What Does A Central Bank Pivot Mean For Commodity Prices? \| FXEmpire](https://feedsoft.ai/events/39038-what-does-a-central-bank-pivot-mean-for-commodity-prices-fxempire.md) | -2.2% | -3.8% |
| CORN | 2022-01-28 | [Hawkish Fed a headwind for commodity prices \| Capital Economics](https://feedsoft.ai/events/43044-hawkish-fed-a-headwind-for-commodity-prices-capital-economics.md) | +1.3% | +11.5% |
| CORN | 2017-06-26 | [Slumping Commodity Prices Pressure the Brazilian Real in 2Q17](https://feedsoft.ai/events/70712-slumping-commodity-prices-pressure-the-brazilian-real-in-2q17.md) | +3.2% | +4.3% |
| SOY | 2025-02-19 | [Weekly Commodity Market Update \| Knox County Agricultural News](https://feedsoft.ai/events/26112-weekly-commodity-market-update-knox-county-agricultural-news.md) | -0.7% | -2.5% |
| SOY | 2020-04-21 | [COVID-19 infects nearly all commodity prices \| Capital Press](https://feedsoft.ai/events/6503-covid-19-infects-nearly-all-commodity-prices-capital-press.md) | +0.3% | +2.2% |
| SOY | 2022-10-31 | [What Does A Central Bank Pivot Mean For Commodity Prices? \| FXEmpire](https://feedsoft.ai/events/39038-what-does-a-central-bank-pivot-mean-for-commodity-prices-fxempire.md) | +4.6% | +5.0% |

## Sources

- grainews.ca: https://www.grainews.ca/columns/world-events-and-their-effect-on-agricultural-commodity-prices/

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