# Abundant US corn supply might hurt Ukraine's harvest

> Abundant US and Brazilian corn supply has pushed global corn prices lower. Ukrainian farmers are holding back new-crop corn ahead of the September harvest, slowing sales. Platts assessed US Gulf corn at $179.72 a tonne, the lowest since September 2020.

- Date: 2024-08-21 · published 2024-08-21T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/28821-abundant-us-corn-supply-might-hurt-ukraine-s-harvest
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower US and Brazilian export prices shift corn demand away from Black Sea origin, while Ukrainian sellers hold back supply. The combined effect keeps global corn export prices under pressure.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-10-31 | [Export demand for corn in Ukraine remains high, although world prices are under pressure from cheap US corn supply](https://feedsoft.ai/events/27878-export-demand-for-corn-in-ukraine-remains-high-although-world-prices-are-under.md) | +2.2% | -1.3% |
| CORN | 2026-10-29 | [Growing corn supplies put pressure on prices in Ukraine and the EU](https://feedsoft.ai/events/1984-growing-corn-supplies-put-pressure-on-prices-in-ukraine-and-the-eu.md) | -1.5% | — |
| CORN | 2024-10-21 | [FEATURE: Ukraine grain exports soar amid price shifts and supply cuts](https://feedsoft.ai/events/14259-feature-ukraine-grain-exports-soar-amid-price-shifts-and-supply-cuts.md) | +1.5% | +2.5% |
| CORN | 2023-08-04 | [China moves to further diversify corn supplies \| Miller Magazine](https://feedsoft.ai/events/14822-china-moves-to-further-diversify-corn-supplies-miller-magazine.md) | +0.6% | -3.1% |
| CORN | 2022-08-12 | [China to Speed Corn Imports from Brazil Amid Ukraine War, US Tensions](https://feedsoft.ai/events/14907-china-to-speed-corn-imports-from-brazil-amid-ukraine-war-us-tensions.md) | -0.7% | -1.6% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/082124-abundant-us-corn-supply-might-hurt-ukraines-harvest

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