# Is Corn Oversold?

> Corn prices fell sharply last week on trade uncertainty and a strong start to the growing season. The June WASDE cut 2017-18 ending stocks by 80 million bushels and 2018-19 stocks by 105 million, with exports running at a healthy pace.

- Date: 2018-06-18 · published 2018-06-18T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/10578-is-corn-oversold
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower projected US ending stocks and firm export demand suggest the corn selloff has overshot and that prices could recover.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-29 | [Corn Market](https://feedsoft.ai/events/47628-corn-market.md) | +5.9% | -6.0% |
| CORN | 2016-12-15 | [U.S. Challenges China Anew Over Rice, Wheat, Corn Barriers](https://feedsoft.ai/events/73336-u-s-challenges-china-anew-over-rice-wheat-corn-barriers.md) | -2.2% | +0.5% |
| CORN | 2024-01-10 | [Corn Imports Surge in 2023](https://feedsoft.ai/events/32103-corn-imports-surge-in-2023.md) | -1.1% | -5.0% |
| CORN | 2022-06-06 | [China, Beef, and Corn](https://feedsoft.ai/events/14928-china-beef-and-corn.md) | +5.9% | +2.2% |
| CORN | 2022-05-02 | [China corn buys on record pace](https://feedsoft.ai/events/14932-china-corn-buys-on-record-pace.md) | -8.1% | -2.4% |

## Sources

- origin.farmdocdaily.illinois.edu: https://origin.farmdocdaily.illinois.edu/2018/06/is-corn-oversold.html

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