# Corn Outlook: Next 5, 30, 90 Days (11/27/24)

> March corn futures closed flat at $4.28 after reports of a planned US tariff increase on Mexico weighed on prices during the week. Analysts expect choppy trade until trade policy becomes clearer around the January 20 inauguration.

- Date: 2024-11-27 · published 2024-11-27T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6060-corn-outlook-next-5-30-90-days-11-27-24
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Possible retaliation could hurt US corn exports, which have been running strong, so a loss of export demand would weigh on prices. Traders are also watching whether record ethanol use can offset the expanding balance sheet.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-11-04 | [Lower feed demand cuts Mexico's 2020 corn import outlook: GCMA - Fastmarkets](https://feedsoft.ai/events/50124-lower-feed-demand-cuts-mexico-s-2020-corn-import-outlook-gcma-fastmarkets.md) | +1.8% | +8.9% |
| CORN | 2022-10-20 | [Feed weekly outlook: Corn imports pressure grain prices in Lethbridge - Grainews](https://feedsoft.ai/events/39218-feed-weekly-outlook-corn-imports-pressure-grain-prices-in-lethbridge-grainews.md) | -0.2% | -1.1% |
| CORN | 2023-12-01 | [Feed weekly outlook: Corn imports, larger crop prospects pressure barley - Grainews](https://feedsoft.ai/events/32771-feed-weekly-outlook-corn-imports-larger-crop-prospects-pressure-barley-grainews.md) | +2.4% | +3.9% |
| CORN | 2023-06-06 | [US takes next step in Mexico GM corn fight \| World Grain](https://feedsoft.ai/events/35485-us-takes-next-step-in-mexico-gm-corn-fight-world-grain.md) | +5.1% | -3.8% |
| CORN | 2017-01-16 | [China to import two mln tons of corn in 2016/2017, down 37% YOY – Customs Today Newspaper](https://feedsoft.ai/events/72864-china-to-import-two-mln-tons-of-corn-in-2016-2017-down-37-yoy-customs-today.md) | +0.7% | +2.3% |

## Sources

- agweb.com: https://www.agweb.com/markets/pro-farmer-analysis/corn-outlook-next-5-30-90-days-11-27-24

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