# Corn rises on bargain-buying, market eyes US stocks data - Markets - Business Recorder

> Chicago corn futures rose about 0.4% in Singapore trading on Wednesday, recouping the prior session's losses on bargain buying ahead of USDA's quarterly US grain stocks report due at the end of the week. Soybeans and wheat also gained slightly.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34107-corn-rises-on-bargain-buying-market-eyes-us-stocks-data-markets-business
- 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

Large global corn supplies from South America and a record-scale US harvest continue to cap prices, so the rebound is likely to hold only if the stocks report surprises to the upside.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40265371

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