# Corn futures jump to a 7-year high on supply concerns

> Corn futures jumped to their highest level in more than seven years, traading above $6.50 per bushel. Harsh weather in the Upper Midwest and dryness in the Dakotas raised concerns about the 2021 supply, alongside strong Chinese demand.

- Date: 2021-04-26 · published 2021-04-26T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/9399-corn-futures-jump-to-a-7-year-high-on-supply-concerns
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Drought risk to the planting season and Chinese buying tighten supply, pushing feed corn costs higher for buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-04-26 | 1 | +8.4% | 3.7 | Same-day report of corn jumping to a 7-year high above $6.50 on Upper Midwest weather, Dakotas dryness and strong Chinese demand directly explains the 1-day surge. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-04-26 | [Wheat price rises to highest in eight years on supply concerns \| Seeking Alpha](https://feedsoft.ai/events/47637-wheat-price-rises-to-highest-in-eight-years-on-supply-concerns-seeking-alpha.md) | +13.6% | +6.9% |
| CORN | 2026-01-28 | [Wheat Futures Jump to 8-Week High](https://feedsoft.ai/events/21097-wheat-futures-jump-to-8-week-high.md) | +0.2% | +0.0% |
| CORN | 2020-12-22 | [Corn ends higher amid supply concerns in South America](https://feedsoft.ai/events/10133-corn-ends-higher-amid-supply-concerns-in-south-america.md) | +3.5% | +18.5% |
| CORN | 2021-04-27 | [Corn hits fresh near 8-year high as global supplies tighten](https://feedsoft.ai/events/9398-corn-hits-fresh-near-8-year-high-as-global-supplies-tighten.md) | +4.7% | -1.2% |
| WHEAT | 2021-04-26 | [Wheat price rises to highest in eight years on supply concerns \| Seeking Alpha](https://feedsoft.ai/events/47637-wheat-price-rises-to-highest-in-eight-years-on-supply-concerns-seeking-alpha.md) | +3.3% | -0.2% |
| WHEAT | 2026-01-28 | [Wheat Futures Jump to 8-Week High](https://feedsoft.ai/events/21097-wheat-futures-jump-to-8-week-high.md) | +0.6% | +4.2% |
| WHEAT | 2021-11-22 | [Wheat soars to 9-year peak on supply concerns, strong demand \| Reuters](https://feedsoft.ai/events/44080-wheat-soars-to-9-year-peak-on-supply-concerns-strong-demand-reuters.md) | -0.1% | -3.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2021/04/26/corn-futures-jump-to-a-7-year-high-on-supply-concerns.html

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