# Why did corn prices spike, then drop? – Ohio Ag Net | Ohio's Country Journal

> Corn prices fell about $1 per bushel over three weeks in July 2016, surprising many in the market. The analyst cites heavy supplies, with carryout potentially rising to 2.2 billion bushels, and says there is no bullish news currently.

- Date: 2016-07-14 · published 2016-07-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4938-why-did-corn-prices-spike-then-drop-ohio-ag-net-ohio-s-country-journal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Large projected carryout caps rallies, so corn buyers can expect feed prices to stay soft unless weather seriously cuts yields.

## Read by commodity

- CORN: bearish ▼

## Sources

- ocj.com: https://ocj.com/2016/07/why-did-corn-prices-spike-then-drop/

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