# Corn market 380 | Maiz'Europ'

> Chicago May corn gained $4/t to $167/t in late February and early March as funds covered record net short positions. US maize export contracts reached 1.1 Mt, and Brazil's safrinha planting was 73% complete by end-February. Argentina's Rosario exchange cut its maize production forecast by 2 Mt to 57 Mt.

- Date: 2024-03-07 · published 2024-03-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31217-corn-market-380-maiz-europ
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Fund short covering and firm US export contracts support corn, while dryness risk for Brazil safrinha and Argentine production cuts add upside risk, limited by producers holding unsold grain.

## Read by commodity

- CORN: bullish ▲

## Sources

- maizeurop.com: https://www.maizeurop.com/en/publication/corn-market-380/

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