# Corn Weekly Report

> December corn futures closed at 418 cents per bushel, up 4.0% on the week, as short covering and geopolitical tensions lifted prices. Dry weather in Brazil is delaying soybean planting and China announced economic stimulus measures.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28322-corn-weekly-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Brazilian dryness and Chinese stimulus support feed demand expectations, while high US and Brazilian stocks cap the upside for corn prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- USDBRL: neutral

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/corn-weekly-report-1525735/

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