# Black Sea Grains Corridor Back In Action | CZ app

> Chicago corn export inspections for the week ending 19 October were 437,549 tonnes, down 6.2% on the week and 7.4% year on year, as US prices sit above Brazilian and other origins. The European Commission kept its EU corn production forecast at 59.9 million tonnes after MARS cut yields 2% on dryness in southeastern Europe.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/14358-black-sea-grains-corridor-back-in-action-cz-app
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weak US export demand from high prices and harvest pressure weighs on corn, while EU dryness-driven yield cuts offer limited support given the maintained production forecast.

## Read by commodity

- CORN: bearish ▼

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/black-sea-grains-corridor-back-in-action/

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