# US corn price drops dramatically - Agriland.ie

> CBOT main-season corn closed at 385.25 cents per bushel on August 12, down 25 cents after USDA raised stocks and yield estimates. USDA also cut ethanol corn use by 25 million bushels and lowered exports amid competition from Argentina, Brazil and Ukraine.

- Date: 2019-08-14 · published 2019-08-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/57613-us-corn-price-drops-dramatically-agriland-ie
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher US stocks and reduced export demand point to ample corn supply, weighing on feed corn prices. Record Ukrainian and higher EU corn output add to competitive pressure on US exports.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-09-15 | [USDA report triggers corn and soybean price drop, wheat remai ...](https://feedsoft.ai/events/34044-usda-report-triggers-corn-and-soybean-price-drop-wheat-remai.md) | -7.1% | -4.6% |
| CORN | 2021-08-13 | [Drought Scorches U.S. Corn, Soy, and Wheat Crops](https://feedsoft.ai/events/45410-drought-scorches-u-s-corn-soy-and-wheat-crops.md) | -1.7% | -9.0% |
| CORN | 2020-04-30 | [Corn price projection turns ugly](https://feedsoft.ai/events/53666-corn-price-projection-turns-ugly.md) | +1.9% | +2.3% |
| CORN | 2018-09-21 | [Surprising Drop in Prices of Corn, Soybeans, and Soy Meal – Lider Media](https://feedsoft.ai/events/62927-surprising-drop-in-prices-of-corn-soybeans-and-soy-meal-lider-media.md) | +3.0% | +4.1% |
| CORN | 2019-08-13 | [Prevented planting skyrockets, corn prices drop - POLITICO](https://feedsoft.ai/events/11737-prevented-planting-skyrockets-corn-prices-drop-politico.md) | -3.3% | -8.2% |

## Sources

- agriland.ie: https://www.agriland.ie/farming-news/us-corn-price-drops-dramatically/

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