# Corn hits fresh near 8-year high as global supplies tighten

> U.S. corn futures rose for a seventh straight session, reaching a near eight-year high. The gains were driven by concerns over global supplies after adverse weather in major exporters.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/9398-corn-hits-fresh-near-8-year-high-as-global-supplies-tighten
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Tighter global corn supplies lift feed grain costs for buyers, and weather-driven export shortfalls support further price gains.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲
- SORGHUM: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-04-29 | 5 | +13.6% | 3.8 | Corn hit a near 8-year high on a seventh straight gain driven by tightening global supplies and weather problems. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-06 | [Corn jumps 1.2% to 2013 high on tightening global supplies; wheat firms](https://feedsoft.ai/events/11302-corn-jumps-1-2-to-2013-high-on-tightening-global-supplies-wheat-firms.md) | +0.6% | -5.8% |
| CORN | 2021-04-26 | [Corn futures jump to a 7-year high on supply concerns](https://feedsoft.ai/events/9399-corn-futures-jump-to-a-7-year-high-on-supply-concerns.md) | +13.6% | +6.9% |
| CORN | 2022-04-18 | [Corn futures hit decade-high above $8 per bushel on global supply \| Food News \| Al Jazeera](https://feedsoft.ai/events/41873-corn-futures-hit-decade-high-above-8-per-bushel-on-global-supply-food-news-al.md) | +2.1% | -0.0% |
| CORN | 2021-08-04 | [EU corn ethanol crush margins hit 8-year low \| S&P Global](https://feedsoft.ai/events/45557-eu-corn-ethanol-crush-margins-hit-8-year-low-s-and-p-global.md) | -1.0% | -3.1% |
| CORN | 2026-08-27 | [European corn, soybean meal prices near historic highs amid supply concerns \| S&P Global](https://feedsoft.ai/events/17959-european-corn-soybean-meal-prices-near-historic-highs-amid-supply-concerns-s.md) | +1.2% | +5.8% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/corn-hits-fresh-near-8-year-high-as-global-supplies-tighten-idUSL1N2MK01O/

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