# CBOT agricultural futures go higher on strong demand 01.11.2021 - UkrAgroConsult

> AgResource reported that CBOT agricultural futures rose on strong demand, with corn ending sharply higher and US wheat posting new contract highs in Kansas and Europe. Analysts flagged record-low exporter wheat stocks and a possible Argentine dryness risk under La Nina. They expect USDA's November report to be a key event.

- Date: 2021-11-01 · published 2021-11-01T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/7313-cbot-agricultural-futures-go-higher-on-strong-demand-01-11-2021-ukragroconsult
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight exporter wheat stocks and possible Argentine corn losses support prices, while a USDA production increase would be bearish for corn.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-11-01 | 5 | +10.3% | 2.9 | Strong demand, new contract highs, record-low exporter stocks and Argentine dryness risk fueled bullish sentiment. |
| CORN | 2021-11-01 | 1 | +4.8% | 4.3 | Describes corn ending sharply higher on strong demand, with wheat contract highs adding spillover buying, on the day of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-28 | [Dry weather stresses US corn yields 28.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/13356-dry-weather-stresses-us-corn-yields-28-06-2022-ukragroconsult.md) | +4.0% | -16.7% |
| CORN | 2022-09-27 | [Agriculture Weather Watch: No Respite For Argentinian Wheat Despite Rain Forecast 27.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/39523-agriculture-weather-watch-no-respite-for-argentinian-wheat-despite-rain.md) | +1.8% | +4.0% |
| CORN | 2022-02-15 | [South America’s soybean crop in a spot of bother 15.02.2022 - UkrAgroConsult](https://feedsoft.ai/events/14056-south-america-s-soybean-crop-in-a-spot-of-bother-15-02-2022-ukragroconsult.md) | +1.4% | +13.6% |
| CORN | 2026-05-05 | [Corn Futures Hold Near Year-High on Strong Export Demand, Supply Risks - Bloomberg](https://feedsoft.ai/events/19269-corn-futures-hold-near-year-high-on-strong-export-demand-supply-risks-bloomberg.md) | -0.3% | -2.7% |
| CORN | 2022-01-21 | [Brazilian Farmers in Initial Stages of Safrinha Corn Planting 21.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/13753-brazilian-farmers-in-initial-stages-of-safrinha-corn-planting-21-01-2022.md) | +1.4% | +6.9% |
| WHEAT | 2022-09-27 | [Agriculture Weather Watch: No Respite For Argentinian Wheat Despite Rain Forecast 27.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/39523-agriculture-weather-watch-no-respite-for-argentinian-wheat-despite-rain.md) | +1.8% | -10.0% |
| WHEAT | 2021-11-23 | [EU grain sowings near end, dry weather a concern in some parts – MARS 23.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/43991-eu-grain-sowings-near-end-dry-weather-a-concern-in-some-parts-mars-23-11-2021.md) | -2.6% | -4.0% |
| WHEAT | 2022-07-19 | [After a 5-day fall, wheat prices rose on forecasts of heat in the US and the EU 19.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40526-after-a-5-day-fall-wheat-prices-rose-on-forecasts-of-heat-in-the-us-and-the-eu.md) | -11.3% | -0.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/cbot-agricultural-futures-go-higher-on-strong-demand/

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