# Crop markets charge higher on last day of the month

> Corn, soybeans and wheat rose on February 28, 2017 on apparent fund buying on the last trading day of the month. Gains also followed reports that President Trump wanted to change how biofuels are blended into the fuel supply.

- Date: 2017-02-28 · published 2017-02-28T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/7823-crop-markets-charge-higher-on-last-day-of-the-month
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Fund buying and uncertain biofuel policy support prices, but the effect on ethanol and biodiesel demand was unclear at the time. Price direction depends on whether the policy change is finalized.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-31 | [CBOT corn higher - Markets - Business Recorder](https://feedsoft.ai/events/49676-cbot-corn-higher-markets-business-recorder.md) | +6.2% | +17.5% |
| CORN | 2021-01-05 | [Chicago soybeans near 6-1/2-year high on LatAm supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/11547-chicago-soybeans-near-6-1-2-year-high-on-latam-supply-concerns-markets-business.md) | +3.1% | +14.6% |
| CORN | 2021-02-04 | [As RINs reach their highest levels since 2013, where does the market go from here? - Commodities Focus](https://feedsoft.ai/events/48734-as-rins-reach-their-highest-levels-since-2013-where-does-the-market-go-from.md) | -3.1% | -3.9% |
| CORN | 2018-02-12 | [Higher palay-buying price eyed to steady rice market \|  BusinessMirror](https://feedsoft.ai/events/66582-higher-palay-buying-price-eyed-to-steady-rice-market-businessmirror.md) | +0.8% | +3.5% |
| CORN | 2017-09-03 | [Genesus Global Market Report: China
						 \| The Pig Site](https://feedsoft.ai/events/68944-genesus-global-market-report-china-the-pig-site.md) | +0.6% | +1.9% |
| SOY | 2025-06-16 | [Soyoil around 18-month highs, grains fall on good crop weather](https://feedsoft.ai/events/5344-soyoil-around-18-month-highs-grains-fall-on-good-crop-weather.md) | -1.0% | -7.0% |
| SOY | 2025-06-16 | [Soyoil hits 20-month peak, corn falls on good crop weather](https://feedsoft.ai/events/5343-soyoil-hits-20-month-peak-corn-falls-on-good-crop-weather.md) | -1.0% | -7.0% |
| SOY | 2021-08-20 | [Lower tax, higher tech help corn displace soya as Argentina's top crop - Markets - Business Recorder](https://feedsoft.ai/events/45421-lower-tax-higher-tech-help-corn-displace-soya-as-argentina-s-top-crop-markets.md) | +3.4% | -2.9% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/crop-markets-charge-higher-on-last-day-of-the-month

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