# What's Wrong With the Corn Market (2024)?

> Dec 2024 corn futures posted a new long-term low of $4.4675 in late February, below the prior low set in November 2023. Noncommercial traders hold a record large net-short futures position. The columnist argues the long-term downtrend has persisted for over a year.

- Date: 2024-02-27 · published 2024-02-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31697-what-s-wrong-with-the-corn-market-2024
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record fund short position raises the risk of a short-covering rally, but the chart trend still points to lower prices. Feed buyers should watch positioning for timing of purchases.

## Read by commodity

- CORN: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/24379859/what-s-wrong-with-the-corn-market-2024

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