# Is there more pop in corn prices?

> December corn futures have rallied nearly 50 cents since August as fund traders cut record short positions and the Federal Reserve began cutting rates, weakening the dollar and boosting US export sales. Dry weather in South America also added support.

- Date: 2024-10-04 · published 2024-10-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27877-is-there-more-pop-in-corn-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weaker dollar and strong export sales support corn prices, but the article notes the rally may run out of steam with harvest pressure, affecting feed buyers' cost outlook.

## Read by commodity

- DXY: bearish ▼
- CORN: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/is-there-more-pop-in-corn-prices-

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