# Corn Dropped Below $4 Last Week | Farm Policy News | Illinois

> Front-month Chicago corn futures dipped below $4 per bushel on February 23 for the first time since November 2020. Analysts cite large US and global supplies and USDA projections of record 2024-25 ending stocks. Some growers who stored corn rather than selling are now facing losses.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/31696-corn-dropped-below-4-last-week-farm-policy-news-illinois
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Projected record carryout stocks of about 2.5 billion bushels signal sustained bearish pressure on corn into the new crop year. Cheap corn supports feed cost savings for livestock buyers.

## Read by commodity

- CORN: bearish ▼

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2024/02/corn-dropped-below-4-last-week/

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