# CBOT corn futures climb - Markets - Business Recorder

> CBOT September corn hit a three-month high on July 1, 2020, after USDA reported 92.0 million acres planted, about 5 million below the March forecast and the biggest March-to-June drop since 1983. Forecasts for hot, dry weather during pollination added support, and large fund net short positions left the market open to short-covering.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/12775-cbot-corn-futures-climb-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The sharp acreage cut reduces expected US corn supply, and weather-related yield risk during pollination supports feed grain prices. Fund short covering could extend the rally in the near term.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-06-05 | [French wheat crop rating slips further - Markets - Business Recorder](https://feedsoft.ai/events/40875-french-wheat-crop-rating-slips-further-markets-business-recorder.md) | +0.1% | -0.9% |
| WHEAT | 2026-07-11 | [CBoT wheat climbs on Ukraine war risks, bullish USDA global stocks view - Markets - Business Recorder](https://feedsoft.ai/events/7278-cbot-wheat-climbs-on-ukraine-war-risks-bullish-usda-global-stocks-view-markets.md) | +0.5% | +0.3% |
| WHEAT | 2021-06-25 | [French wheat crop rating declines, barley harvest starts - Markets - Business Recorder](https://feedsoft.ai/events/46524-french-wheat-crop-rating-declines-barley-harvest-starts-markets-business.md) | -0.2% | -3.8% |
| WHEAT | 2021-03-10 | [Wheat inches lower, subdued USDA forecast caps losses - Markets - Business Recorder](https://feedsoft.ai/events/7082-wheat-inches-lower-subdued-usda-forecast-caps-losses-markets-business-recorder.md) | -0.4% | -0.6% |
| WHEAT | 2021-03-12 | [Coceral cuts EU, UK soft wheat, rapeseed crop forecasts - Markets - Business Recorder](https://feedsoft.ai/events/48083-coceral-cuts-eu-uk-soft-wheat-rapeseed-crop-forecasts-markets-business-recorder.md) | -0.3% | +0.5% |
| SOY | 2017-09-29 | [Corn, Soybean Futures Climb on Surprise Stocks Report \| Fox Business](https://feedsoft.ai/events/7538-corn-soybean-futures-climb-on-surprise-stocks-report-fox-business.md) | +0.9% | +1.2% |
| SOY | 2026-07-11 | [CBoT wheat climbs on Ukraine war risks, bullish USDA global stocks view - Markets - Business Recorder](https://feedsoft.ai/events/7278-cbot-wheat-climbs-on-ukraine-war-risks-bullish-usda-global-stocks-view-markets.md) | +0.7% | -3.3% |
| SOY | 2020-06-12 | [US soy crush seen at 173.071mn bushels - Markets - Business Recorder](https://feedsoft.ai/events/52699-us-soy-crush-seen-at-173-071mn-bushels-markets-business-recorder.md) | +0.8% | +2.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40002061
- brecorder.com: https://www.brecorder.com/news/40002600

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