# Corn Set for Biggest Gain in Six Months on U.S. Crop Worries

> Chicago corn futures were set for their biggest monthly gain in six months, up over 9% in August, as declining U.S. and European crop prospects supported prices. Pro Farmer estimated the U.S. corn yield at 168.1 bushels per acre, well below USDA's forecast, and USDA rated 54% of the crop good-to-excellent.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/40044-corn-set-for-biggest-gain-in-six-months-on-u-s-crop-worries
- 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

A smaller U.S. corn crop than expected tightens ending stocks and supports corn prices, with knock-on support for feed costs for buyers. Soybeans and wheat fell on higher global supply expectations.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Sources

- agriculture.com: https://www.agriculture.com/markets/newswire/grains-corn-set-for-biggest-gain-in-six-months-on-us-crop-worries

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