# Profit Watch: Corn at a crossroads? | Profitability | farmweeknow.com

> DeLoss Jahnke's weekly column says December corn futures touched $4.83 and then reached a $4.86 high before settling near resistance at $4.83. Analyst Arlan Suderman of StoneX says the corn market structure is weak, citing record Russian wheat and Brazilian corn exports and soft demand.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34111-profit-watch-corn-at-a-crossroads-profitability-farmweeknow-com
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Heavy Brazilian and Russian export supplies cap corn and wheat prices, so feed buyers can expect limited upside until demand firms or the USDA report shifts the balance.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼

## Sources

- farmweeknow.com: https://www.farmweeknow.com/profitability/profit-watch-corn-at-a-crossroads/article_879029bc-5d6e-11ee-945c-2f41ab5741d2.html

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