# The storm before the calm

> An analyst commentary on June 21, 2021, argued that volatility in summer grain markets will persist because balance sheets have little buffer against production shortfalls. It said current corn values are justified and that December corn could fall below $5.00 if acreage rises and the weather moderates, while depleted western subsoil leaves crops vulnerable to dryness.

- Date: 2021-06-21 · published 2021-06-21T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/7752-the-storm-before-the-calm
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Dry subsoil in the western Corn Belt and the weather premium support corn prices through pollination, while expected acreage gains and better weather could erode that premium before harvest.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-10-10 | [El Niño set to return before end of the year: Kemp](https://feedsoft.ai/events/62471-el-nino-set-to-return-before-end-of-the-year-kemp.md) | +4.0% | +4.0% |
| CORN | 2020-04-17 | [The hunger forecast \| Science](https://feedsoft.ai/events/53559-the-hunger-forecast-science.md) | -0.9% | -1.5% |
| CORN | 2021-08-31 | [Violent August Storms Pound Midwest Crops for the Second Year](https://feedsoft.ai/events/45411-violent-august-storms-pound-midwest-crops-for-the-second-year.md) | -4.6% | -8.1% |
| CORN | 2020-07-07 | [Dry Cycle May Be on the Horizon](https://feedsoft.ai/events/52040-dry-cycle-may-be-on-the-horizon.md) | -2.8% | -5.3% |
| CORN | 2017-05-02 | [Storm Damages Midwest Wheat Crop; More Heavy Rain to Come](https://feedsoft.ai/events/7003-storm-damages-midwest-wheat-crop-more-heavy-rain-to-come.md) | -0.6% | +1.5% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/the-storm-before-the-calm

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