# Tighter US supply outlook holds corn near its highest since June - Markets - Business Recorder

> Chicago corn futures rose on Wednesday to near their highest since June 25, after USDA projected US end-of-season corn stocks at a two-year low. The most-active CBOT corn contract traded around $4.49 per bushel, while soybeans were flat near $9.95 and wheat rose 0.5%. Commodity funds were net buyers of corn following the report.

- Date: 2024-12-11 · published 2024-12-11T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/26901-tighter-us-supply-outlook-holds-corn-near-its-highest-since-june-markets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The lower US stocks outlook and record-pace export demand support corn prices, and fund buying adds momentum. Soybeans stayed flat as South American supply expectations offset a higher USDA soyoil export estimate.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40337024

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