# US farmers shun buyers, cling to unsold corn as prices slump - Agweek | #1 source for agriculture news, farming, markets

> Reuters reports that many US farmers are holding unsold old-crop corn after prices fell to near three-year lows, despite earlier bids near 4.5-month highs. Grain supplies are ample, and USDA expects corn inventories to reach a six-year high by September 2025. Farmers are waiting for higher bids before selling more.

- Date: 2024-06-17 · published 2024-06-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29808-us-farmers-shun-buyers-cling-to-unsold-corn-as-prices-slump-agweek-1-source-for
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Large farmer-held stocks that could be released at any time add supply pressure and make futures and cash prices choppy. Buyers can expect continued ample corn availability.

## Read by commodity

- CORN: bearish ▼

## Sources

- agweek.com: https://www.agweek.com/business/markets/us-farmers-shun-buyers-cling-to-unsold-corn-as-prices-slump

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