# Corn Market 246 | Maiz'Europ'

> Chicago March corn was stable at about $167/t from December 7 to 11, with the USDA December report leaving the US balance sheet unchanged. Dry weather in Brazil and Argentina cut crop projections, with CONAB lowering Brazil's safra maize estimate to 24.1 Mt.

- Date: 2020-12-17 · published 2020-12-17T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/10129-corn-market-246-maiz-europ
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

South American production losses and strong Chinese import demand support export prices for corn and related feed grains.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-08-29 | [Crop Tour Drives Corn Market Rally](https://feedsoft.ai/events/40050-crop-tour-drives-corn-market-rally.md) | +0.5% | -0.0% |
| CORN | 2019-09-16 | [MARS cuts EU grain yields especially for corn market](https://feedsoft.ai/events/57025-mars-cuts-eu-grain-yields-especially-for-corn-market.md) | +3.4% | +8.3% |
| CORN | 2026-08-26 | [Global corn market surges, driven by US, Europe crop concerns \| Farm Online \| ACT](https://feedsoft.ai/events/12348-global-corn-market-surges-driven-by-us-europe-crop-concerns-farm-online-act.md) | +3.3% | +5.7% |
| CORN | 2023-06-27 | [US corn could struggle to compete in export market](https://feedsoft.ai/events/14837-us-corn-could-struggle-to-compete-in-export-market.md) | -7.9% | +0.0% |
| CORN | 2023-05-22 | [DROUGHT CONCERNS RALLY CORN & BEANS — Market Minute](https://feedsoft.ai/events/7838-drought-concerns-rally-corn-and-beans-market-minute.md) | +8.2% | +6.2% |

## Sources

- maizeurop.com: https://www.maizeurop.com/en/publication/corn-market-246/

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