# Corn pares gains, closes lower

> Corn futures fell about 0.6% to $3.64 per bushel on September 29 after a session high of $3.67. USDA data showed the US corn harvest at about 15%, slightly behind the 5-year average and below analyst expectations.

- Date: 2020-09-29 · published 2020-09-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51136-corn-pares-gains-closes-lower
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Routine price action with a slow harvest pace that is only mildly supportive; the drought forecast for parts of the Midwest is a minor offset to the pressure from harvest flows.

## Read by commodity

- CORN: neutral

## Sources

- economies.com: https://www.economies.com/commodities/corn-news/corn-pares-gains,-closes-lower-36060

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