# Corn Weekly Report

> Front-month July corn rose 8.9% last week to close at 604 cents per bushel, recovering losses from the prior two weeks. US export shipments improved week over week but remained below last year, and weather models pointed to drier US Midwest conditions and low rainfall in Brazil.

- Date: 2023-05-29 · published 2023-05-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/5569-corn-weekly-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Drier weather forecasts for the US Midwest and Brazil support corn prices, though weak export pace and Brazilian supply limit the rally.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-06-11 | [Corn marketers hoping weather reports stops tumble](https://feedsoft.ai/events/8246-corn-marketers-hoping-weather-reports-stops-tumble.md) | -3.5% | -5.6% |
| CORN | 2017-09-29 | [Western Corn Belt Rain Ahead](https://feedsoft.ai/events/68876-western-corn-belt-rain-ahead.md) | +3.1% | +2.4% |
| CORN | 2025-05-30 | [3 Top Corn-Growing States Report Extreme Drought, or Worse](https://feedsoft.ai/events/13090-3-top-corn-growing-states-report-extreme-drought-or-worse.md) | -0.3% | -4.7% |
| CORN | 2024-01-29 | [Busy Week As Tensions Rise. The Corn & Ethanol Report 01/29/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/32235-busy-week-as-tensions-rise-the-corn-and-ethanol-report-01-29-2024-market.md) | -0.7% | -7.2% |
| CORN | 2021-01-13 | [Grains Weekly Analysis](https://feedsoft.ai/events/49003-grains-weekly-analysis.md) | +2.0% | +7.5% |

## Sources

- stonex.com: https://www.stonex.com/en-gb/insights/corn-weekly-report-2023-05-29/

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