# Is maize supply a concern? Grain Market Daily | AHDB

> Global grain markets were little changed on July 23, with Chicago December corn up about $1.87/t at $169.88/t and Chicago December wheat down. Chicago November soybeans fell $0.73 to $332.04/t. The analyst notes that US corn area remains uncertain ahead of August acreage revisions, while Brazil's safrinha harvest is over 50% complete with strong yields and the MARS report puts EU maize yields above the five-year average.

- Date: 2019-07-24 · published 2019-07-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/58127-is-maize-supply-a-concern-grain-market-daily-ahdb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Uncertain US planted area and strong South American and EU crops offset each other, which limits upside for corn futures until the August USDA revisions. Feed buyers should expect range-bound prices in the near term.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/is-maize-supply-a-concern-grain-market-daily

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