# Trade is driving force in market

> Corn prices have rallied in 2021, with China buying unprecedented amounts of U.S. corn. Analysts compare the fundamentals to the ethanol-driven price boom of the early 2000s.

- Date: 2021-04-26 · published 2021-04-26T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/9401-trade-is-driving-force-in-market
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Large Chinese purchases draw down U.S. stocks and support corn prices, raising feed costs for livestock buyers.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-04-26 | 1 | +8.4% | 3.7 | Record Chinese purchases of US corn are a demand and trade-flow driver supporting the rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-12-14 | [Grains go green for Phase 1 trade deal — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/12111-grains-go-green-for-phase-1-trade-deal-this-week-in-the-grain-markets.md) | +4.2% | +4.8% |
| CORN | 2021-04-29 | [Corn Market](https://feedsoft.ai/events/47628-corn-market.md) | +5.9% | -6.0% |
| CORN | 2017-10-27 | [U.S. corn, DDGS compete in Canada for feed grains market share](https://feedsoft.ai/events/68571-u-s-corn-ddgs-compete-in-canada-for-feed-grains-market-share.md) | -0.2% | -5.4% |
| CORN | 2018-03-07 | [Milo Market Mauled by Dragon](https://feedsoft.ai/events/66062-milo-market-mauled-by-dragon.md) | +2.6% | +3.8% |
| CORN | 2020-06-30 | [IL Corn Celebrates U.S. Mexico Canada Agreement for Trade Entry-into Force](https://feedsoft.ai/events/52566-il-corn-celebrates-u-s-mexico-canada-agreement-for-trade-entry-into-force.md) | +3.3% | -1.5% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/Trade-is-driving-force-in-market

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