# Corn set for biggest weekly drop in 2-1/2 months on U.S. harvest pressure

> Chicago corn fell about 3.4% in the week to October 27, its biggest weekly drop since early August, as US harvest advanced ahead of average pace. Soybeans and wheat also declined on Australian and Argentine crop improvements.

- Date: 2023-10-30 · published 2023-10-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33642-corn-set-for-biggest-weekly-drop-in-2-1-2-months-on-u-s-harvest-pressure
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Faster harvest pressure and improved Southern Hemisphere wheat crops increase near-term supply and point to lower feed grain prices.

## Read by commodity

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

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/corn-set-for-biggest-weekly-drop-in-2-1-2-months-on-u-s-harvest-pressure/

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