# US: Corn prices in Chicago fell 5.8 percent for the week amid weak demand and forecasts of more planted acreage

> Chicago corn fell 5.8% for the week as weekly export sales dropped 9% and the USDA forecast larger 2023 planted area. Early estimates put the 2023 US corn crop near 383 million tonnes on 91 million acres, with raised consumption and export forecasts for 2023/24.

- Date: 2023-02-28 · published 2023-02-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37346-us-corn-prices-in-chicago-fell-5-8-percent-for-the-week-amid-weak-demand-and
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected acreage gains and softer export demand add supply pressure to corn prices, partly offset by Argentine and Brazilian crop concerns.

## Read by commodity

- CORN: bearish ▼

## Sources

- tridge.com: https://www.tridge.com/news/corn-prices-in-chicago-fell-58-for-the-week-amid-w

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