# Red Tuesday in Corn Market

> Corn futures fell 1.7% to 2.2% on May 16, 2023, with the December contract holding near $5 after its lowest print since December 2021. NASS reported 65% of corn planted as of May 14, ahead of average. Ukraine's grain exports through May 15 trailed last year's pace.

- Date: 2023-05-16 · published 2023-05-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5018-red-tuesday-in-corn-market
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Faster U.S. planting and a slower Ukrainian export pace leave mixed signals, though ample U.S. supply keeps corn prices under pressure for feed buyers.

## Read by commodity

- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2023-05-18 | 5 | -8.8% | -3.2 | Corn dropped 1.7-2.2% on May 16 with planting ahead of average, signaling strong supply prospects. |

## Sources

- barchart.com: https://www.barchart.com/story/news/16949889/red-tuesday-in-corn-market

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