# Corn futures settle higher for the first time in 6 sessions 10.11.2021 - UkrAgroConsult

> Corn futures settled higher for the first time in six sessions after USDA cut its 2021-22 US corn ending stocks by 7 million bushels to about 1.49 billion and raised ethanol use by 50 million bushels. December wheat also rose 1.4% as US wheat ending stocks were kept at their lowest since 2007/08.

- Date: 2021-11-10 · published 2021-11-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44008-corn-futures-settle-higher-for-the-first-time-in-6-sessions-10-11-2021
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter US corn and wheat balance sheets and strong ethanol demand support feed grain prices, though the move is a short-term reaction to the report.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/corn-futures-settle-higher-for-the-first-time-in-6-sessions/

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