# After the Bell | June 21, 2021 - Pro Farmer

> Soybean futures rallied on June 21, 2021, after USDA confirmed China bought 336,000 MT of soybeans for 2021-22 delivery, with a further 120,000 MT sold to unknown destinations. Corn fell as Midwest rains eased dryness concerns, and July soybean meal declined while soybean oil rose.

- Date: 2021-06-21 · published 2021-06-21T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/7747-after-the-bell-june-21-2021-pro-farmer
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

New Chinese purchases tighten the US soybean balance sheet and support soybean prices, while rain-driven weather relief reduces the corn risk premium and pressures corn values.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-10-20 | [After the Bell \| October 20, 2022 - Pro Farmer](https://feedsoft.ai/events/8064-after-the-bell-october-20-2022-pro-farmer.md) | +0.7% | +4.1% |
| SOY | 2022-12-05 | [After the Bell \| December 5, 2022 - Pro Farmer](https://feedsoft.ai/events/6648-after-the-bell-december-5-2022-pro-farmer.md) | +3.1% | +3.4% |
| SOY | 2026-09-01 | [After the Bell \| Grain and energy rally - Pro Farmer](https://feedsoft.ai/events/10977-after-the-bell-grain-and-energy-rally-pro-farmer.md) | +2.1% | +1.8% |
| SOY | 2025-10-27 | [After the Bell \| Soybeans surge on trade deal news - Pro Farmer](https://feedsoft.ai/events/4790-after-the-bell-soybeans-surge-on-trade-deal-news-pro-farmer.md) | +5.6% | +8.0% |
| SOY | 2023-03-29 | [Ahead of the Open \| March 29, 2023 - Pro Farmer](https://feedsoft.ai/events/5083-ahead-of-the-open-march-29-2023-pro-farmer.md) | +3.4% | -2.2% |
| CORN | 2022-12-05 | [After the Bell \| December 5, 2022 - Pro Farmer](https://feedsoft.ai/events/6648-after-the-bell-december-5-2022-pro-farmer.md) | -0.2% | +4.7% |
| CORN | 2026-03-16 | [After the Bell \| Limit down day in soybeans - Pro Farmer](https://feedsoft.ai/events/4717-after-the-bell-limit-down-day-in-soybeans-pro-farmer.md) | +2.4% | -1.7% |
| CORN | 2026-03-16 | [Soybeans limit down after Trump threatens to delay China summit - Pro Farmer](https://feedsoft.ai/events/4716-soybeans-limit-down-after-trump-threatens-to-delay-china-summit-pro-farmer.md) | +2.4% | -1.7% |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-june-21-2021

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