# 2024 Corn Ratings Bucking Usual Summer Decline

> DTN reported corn crop ratings are bucking the usual summer decline, with the 2024 rating of 744 above the 1986-2023 average and five-year average of 726. Corn futures hit new contract lows on expectations that USDA's upcoming report will keep or raise the record 181 bpa yield projection.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/13170-2024-corn-ratings-bucking-usual-summer-decline
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong crop ratings and a record yield outlook keep ample corn supply expected, which pressures feed corn prices lower.

## Read by commodity

- CORN: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2024/07/31/2024-corn-ratings-bucking-usual

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