# Bumper US corn harvest sinks prices, pushes global supply to surplus | Reuters

> Farmers in the US are harvesting what is likely the country's third-largest corn crop ever after a dry spring threatened the crop. The bumper harvest will strain storage capacity and push down prices for the world's most traded feed grain.

- Date: 2023-10-19 · published 2023-10-19T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/33640-bumper-us-corn-harvest-sinks-prices-pushes-global-supply-to-surplus-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A large US crop adds to global supply and lowers corn feed costs for livestock and ethanol buyers, while squeezing farmer margins and pushing grain into storage.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-10-27 | [CBoT corn drops on US harvest pressure - Markets - Business Recorder](https://feedsoft.ai/events/421-cbot-corn-drops-on-us-harvest-pressure-markets-business-recorder.md) | +0.0% | — |
| CORN | 2024-10-21 | [Speedy US corn and soy harvests strain farmers, storage capacity \| Reuters](https://feedsoft.ai/events/13142-speedy-us-corn-and-soy-harvests-strain-farmers-storage-capacity-reuters.md) | +1.5% | +2.5% |
| CORN | 2018-08-02 | [Brazil corn harvest to 50%; U.S. weather outlook - Morning Ag Clips](https://feedsoft.ai/events/63378-brazil-corn-harvest-to-50-u-s-weather-outlook-morning-ag-clips.md) | +9.3% | -3.4% |
| CORN | 2018-04-16 | [Brazil corn farmers to get relief from late April rain: forecaster \| Reuters](https://feedsoft.ai/events/65340-brazil-corn-farmers-to-get-relief-from-late-april-rain-forecaster-reuters.md) | -0.8% | +2.6% |
| CORN | 2022-12-19 | [EU grains harvest in 2023 to recover nearly all lost ground, despite early test from cold - Grain Price News](https://feedsoft.ai/events/38167-eu-grains-harvest-in-2023-to-recover-nearly-all-lost-ground-despite-early-test.md) | +1.3% | +2.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/bumper-us-corn-harvest-sinks-prices-pushes-global-supply-surplus-2023-10-19/

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