# Corn ticks up on bargain-buying but stays close to four-year low - Markets - Business Recorder

> Chicago corn futures held near a four-year low on August 27 after touching $3.85 a bushel the previous day. Wheat and soybeans eased amid plentiful global supplies. Traders pointed to record US production and farmer selling of old-crop supplies.

- Date: 2024-08-27 · published 2024-08-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/28818-corn-ticks-up-on-bargain-buying-but-stays-close-to-four-year-low-markets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Global oversupply across corn, wheat and soybeans keeps grain prices near multi-year lows, which favors lower feed costs for buyers. Limited downside is expected from current levels.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40319494

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