# Long road ahead for restoring global corn supply hit by weather, war

> S&P Global estimates US corn output for 2022-23 at 13.94 billion bushels, 8% lower year on year, after drought. EU corn production is seen down more than 18% at 59.57 million mt, and the war in Ukraine could remove about 25 million mt from trade. Brazil may deliver a record crop, but global corn exports have slowed on higher prices and weaker Chinese demand.

- Date: 2022-09-30 · published 2022-09-30T12:00:00.000Z
- Category: weather · region Global · magnitude high
- Page: https://feedsoft.ai/events/39503-long-road-ahead-for-restoring-global-corn-supply-hit-by-weather-war
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Multiple supply losses in the top exporters mean global corn stocks will stay tight, and prices will depend on Brazil's crop, supporting corn-based feed costs.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-01-04 | [Global fertilizer supply chain hits another snag \| The Western Producer](https://feedsoft.ai/events/32452-global-fertilizer-supply-chain-hits-another-snag-the-western-producer.md) | -1.1% | -2.1% |
| CORN | 2021-04-27 | [Corn hits fresh near 8-year high as global supplies tighten](https://feedsoft.ai/events/9398-corn-hits-fresh-near-8-year-high-as-global-supplies-tighten.md) | +4.7% | -1.2% |
| CORN | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +1.8% | +3.9% |
| CORN | 2022-04-18 | [Corn futures hit decade-high above $8 per bushel on global supply \| Food News \| Al Jazeera](https://feedsoft.ai/events/41873-corn-futures-hit-decade-high-above-8-per-bushel-on-global-supply-food-news-al.md) | +2.1% | -0.0% |
| CORN | 2021-05-06 | [Corn jumps 1.2% to 2013 high on tightening global supplies; wheat firms](https://feedsoft.ai/events/11302-corn-jumps-1-2-to-2013-high-on-tightening-global-supplies-wheat-firms.md) | +0.6% | -5.8% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/093022-long-road-ahead-for-restoring-global-corn-supply-hit-by-weather-war

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