# Heatwave in the USA pushes up corn prices on the CBoT

> CBOT corn rose on June 14 on an expected heatwave in the US Midwest. Conab raised its Brazilian second-crop corn forecast 2.3% to 88.1 million tonnes, though that is still about 14% below 2023. Cocereal estimated European maize output at 64.8 million tonnes.

- Date: 2024-06-14 · published 2024-06-14T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/29811-heatwave-in-the-usa-pushes-up-corn-prices-on-the-cbot
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected heat during pollination raises yield risk for the US crop, which supports corn prices and feed costs. Brazil's smaller safrinha crop adds to the global tightness.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-07-03 | [Corn prices headed up? \| MU Extension](https://feedsoft.ai/events/58129-corn-prices-headed-up-mu-extension.md) | +2.9% | -0.2% |
| CORN | 2022-06-27 | [High Heat Might Push Corn Prices Even Higher](https://feedsoft.ai/events/40956-high-heat-might-push-corn-prices-even-higher.md) | +1.8% | -12.0% |
| CORN | 2026-06-26 | [Corn: Dry weather forecasts drive up corn prices](https://feedsoft.ai/events/18832-corn-dry-weather-forecasts-drive-up-corn-prices.md) | -1.3% | +5.3% |
| CORN | 2022-06-27 | [Hot and Dry Weather Tees Up a Tense July in the US Corn Belt](https://feedsoft.ai/events/13352-hot-and-dry-weather-tees-up-a-tense-july-in-the-us-corn-belt.md) | +1.8% | -12.0% |
| CORN | 2019-07-01 | [Milk, corn prices up in 2019 \| Idaho Farm Bureau](https://feedsoft.ai/events/4199-milk-corn-prices-up-in-2019-idaho-farm-bureau.md) | +1.3% | +0.2% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/grains/news/newsticker-heatwave-usa-pushes-corn-prices-cbot-2024-06-14

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