# Global feed market: US corn prices lower, export outlook cloudy | ECHEMI

> Global feed prices fell in the week ending November 11, led by corn, after USDA raised its US corn production forecast. Mexico reiterated plans to stop importing genetically modified corn, and China will begin importing Brazilian corn from the next month. The December CBOT corn contract closed at $6.58 a bushel, down 3.4% on the week.

- Date: 2022-11-14 · published 2022-11-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38710-global-feed-market-us-corn-prices-lower-export-outlook-cloudy-echemi
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher US supply and loss of Mexican demand for GM corn weigh on corn prices, and new Chinese buying of Brazilian corn shifts export competition away from the US.

## Read by commodity

- CORN: bearish ▼

## Sources

- echemi.com: https://www.echemi.com/cms/1044883.html

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