# US corn could struggle to compete in export market

> US corn has been uncompetitive in 2022-23 but has found steady demand in Mexico. Dry conditions in the US Corn Belt could cut the crop below expectations, and China is expected to import less corn in 2023-24 because of more domestic feed wheat.

- Date: 2023-06-27 · published 2023-06-27T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/14837-us-corn-could-struggle-to-compete-in-export-market
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Dry weather threatens yields and could tighten US corn supplies, supporting prices. Weaker Chinese demand and competition from Brazil's record crop limit export upside.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-08 | [ANALYSIS: Ukraine's terminals compete as grain exports fall short - Fastmarkets](https://feedsoft.ai/events/49506-analysis-ukraine-s-terminals-compete-as-grain-exports-fall-short-fastmarkets.md) | +0.1% | +9.5% |
| CORN | 2021-06-25 | [Weather, exports driving factors in commodity markets \| Feed Strategy](https://feedsoft.ai/events/46664-weather-exports-driving-factors-in-commodity-markets-feed-strategy.md) | +5.6% | -5.6% |
| CORN | 2018-06-11 | [Corn marketers hoping weather reports stops tumble](https://feedsoft.ai/events/8246-corn-marketers-hoping-weather-reports-stops-tumble.md) | -3.5% | -5.6% |
| CORN | 2019-10-04 | [Market Reaction to USDA’s August Corn Crop Reports - farmdoc daily](https://feedsoft.ai/events/56592-market-reaction-to-usda-s-august-corn-crop-reports-farmdoc-daily.md) | +0.3% | +0.2% |
| CORN | 2020-12-17 | [Corn Market 246 \| Maiz'Europ'](https://feedsoft.ai/events/10129-corn-market-246-maiz-europ.md) | -1.9% | +15.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/us-corn-could-struggle-to-compete-in-export-market/

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