# Corn Futures Hit $8 a Bushel for First Time Since 2012 on Supply Woes - Bloomberg

> Chicago corn futures rose 3% to $8.07 a bushel, exceeding $8 for the first time in almost a decade and nearing the 2012 record of $8.49. The rally was attributed to the Ukraine conflict and to cold, snowy weather slowing US planting.

- Date: 2022-04-18 · published 2022-04-18T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/41872-corn-futures-hit-8-a-bushel-for-first-time-since-2012-on-supply-woes-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lost Black Sea export supply and slow US planting tighten global corn availability, supporting feed corn and substitute grain costs for buyers.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-04-18/corn-hits-8-a-bushel-for-first-time-since-2012-on-supply-woes

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