# Market Perspectives – April 22, 2021 - U.S. Grains & BioProducts Council

> May corn futures gained 65 cents in a week to a contract high of $6.50 1/2 as funds bought heavily and shorts covered. Dry weather in Brazil's safrinha crop, where good/excellent ratings fell from 90 to 62 percent in Parana, added to the rally.

- Date: 2021-04-22 · published 2021-04-22T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/9400-market-perspectives-april-22-2021-u-s-grains-and-bioproducts-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Brazilian safrinha losses reduce export supply and strong U.S. basis supports higher corn costs for feed buyers.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-03-04 | [Market Perspectives – March 4, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8636-market-perspectives-march-4-2021-u-s-grains-and-bioproducts-council.md) | +3.9% | +7.2% |
| CORN | 2019-03-21 | [Market Perspectives - March 21, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/9641-market-perspectives-march-21-2019-u-s-grains-and-bioproducts-council.md) | -1.2% | -4.1% |
| CORN | 2019-05-23 | [Market Perspectives - May 23, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12128-market-perspectives-may-23-2019-u-s-grains-and-bioproducts-council.md) | +3.7% | +7.9% |
| CORN | 2018-05-24 | [Market Perspectives - May 24, 2018 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/10841-market-perspectives-may-24-2018-u-s-grains-and-bioproducts-council.md) | -2.0% | -9.0% |
| CORN | 2017-06-01 | [Market Perspectives June 1, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/70520-market-perspectives-june-1-2017-u-s-grains-and-bioproducts-council.md) | +2.1% | -3.7% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-april-22-2021/

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