# Corn Futures Extend Rally to 14-Month High on U.S. Export Demand

> Chicago corn futures extended their rally to a 14-month high as U.S. export demand strengthened. Corn rose for a fifth straight day, the longest run since June 2019, while wheat also climbed on robust global use and weather problems.

- Date: 2020-10-23 · published 2020-10-23T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5712-corn-futures-extend-rally-to-14-month-high-on-u-s-export-demand
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Heavy U.S. export sales draw down stocks and support cash and futures prices for feed grains. Buyers should expect firm corn costs while export demand persists.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2020-10-26 | 1 | +4.2% | 5.9 | Corn's fifth straight daily gain to a 14-month high on export demand shows momentum going into Monday's jump, though the event predates the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-27 | [Corn futures set 14-month high on strong export demand](https://feedsoft.ai/events/5717-corn-futures-set-14-month-high-on-strong-export-demand.md) | -3.7% | +6.9% |
| CORN | 2020-10-22 | [U.S. soy futures firm to highest since 2016, corn hits 14-1/2-month high](https://feedsoft.ai/events/5719-u-s-soy-futures-firm-to-highest-since-2016-corn-hits-14-1-2-month-high.md) | +1.6% | +11.5% |
| CORN | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +5.5% | +5.7% |
| CORN | 2025-12-03 | [US corn futures rise on strong export sales](https://feedsoft.ai/events/21540-us-corn-futures-rise-on-strong-export-sales.md) | +0.7% | -0.4% |
| CORN | 2020-07-16 | [Soy, corn higher on improving export demand for U.S. supplies \| Financial Post](https://feedsoft.ai/events/52159-soy-corn-higher-on-improving-export-demand-for-u-s-supplies-financial-post.md) | +0.8% | -0.4% |
| WHEAT | 2020-10-27 | [Corn futures set 14-month high on strong export demand](https://feedsoft.ai/events/5717-corn-futures-set-14-month-high-on-strong-export-demand.md) | -2.3% | -7.5% |
| WHEAT | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +2.5% | +4.4% |
| WHEAT | 2020-04-23 | [U.S. grains: Export hopes push soy, corn, wheat futures higher - Grainews](https://feedsoft.ai/events/53671-u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher-grainews.md) | -1.1% | +0.1% |

## Sources

- news.bloomberglaw.com: https://news.bloomberglaw.com/international-trade/corn-futures-extend-rally-to-14-month-high-on-u-s-export-demand

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