# Hope That Corn Might Move Higher

> Corn futures continued to slide, with the March contract at contract lows on a record US crop and tepid demand. The analyst notes that the December contract recovered from below $4.50, that prices are technically oversold, and that seasonal patterns and a weaker wheat market could support a bounce.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32724-hope-that-corn-might-move-higher
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Oversold conditions and seasonal strength could stabilize corn prices, but ample US supply and weak demand still cap upside for feed buyers.

## Read by commodity

- CORN: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2023/12/01/hope-corn-might-move-higher

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