# Corn Slumps 31% In 2023, Biggest Annual Loss In Decade

> Chicago corn futures ended 2023 down about 31%, their largest annual drop in a decade, settling near $4.73 a bushel. Wheat fell 18.8% and soybeans 14.4% over the year, as record Brazilian and US corn crops, a big Brazilian soybean harvest and steady Black Sea trade eased supply concerns.

- Date: 2023-12-30 · published 2023-12-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/32723-corn-slumps-31-in-2023-biggest-annual-loss-in-decade
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large crops in Brazil and the US and reliable Black Sea exports leave feed grain supplies comfortable, so feed buyers should expect continued softness in corn, wheat and soybean prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- db.forbesmiddleeast.com: https://db.forbesmiddleeast.com/money/markets/corn-ends-2023-with-31-slump-worst-year-in-decade-wheat-soybeans-also-tumble

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