# A Tipping Point for the Corn Market | Red River Farm Network

> Country Futures analyst Darrell Holaday says corn is hovering near 2007 contract lows and that USDA's 97 million acre planting estimate is too high, likely closer to 94-95 million. He says without Chinese buying there is nothing to rally the market.

- Date: 2020-04-28 · published 2020-04-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53667-a-tipping-point-for-the-corn-market-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expectations of excess acreage and weak ethanol-linked demand point to continued bearish corn pricing, with China purchases the main potential upside catalyst.

## Read by commodity

- CORN: bearish ▼

## Sources

- rrfn.com: https://www.rrfn.com/2020/04/28/corn-markets-at-a-tipping-point/

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