# Funds’ bearish CBOT corn views surge to mid-2020 levels | Reuters

> Speculators made one of their biggest weekly sell-offs in Chicago corn as a strong Brazilian crop, fast U.S. planting and weak U.S. export demand pushed futures to nine-month lows. Corn later found some support from Ukraine export worries and strength in wheat despite record-low weekly U.S. export sales after China cancelled cargoes.

- Date: 2023-05-09 · published 2023-05-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11370-funds-bearish-cbot-corn-views-surge-to-mid-2020-levels-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Large fund selling reflects expectations of ample global corn supply from Brazil and weak U.S. export demand, which points to continued pressure on CBOT corn prices. Brazilian competition also weighs on U.S. export prospects for feed buyers.

## Read by commodity

- CORN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/us/funds-bearish-cbot-corn-views-surge-mid-2020-levels-2023-05-09/

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