# Corn prices weaken despite strong export figures

> Corn futures on Euronext fell further, with the most-traded March contract down 1.75 euros to 209.50 euros per tonne. Good rainfall and growing conditions in South America point to a strong harvest, and USDA data showed US export shipments up 37.54% year on year.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: weather · region Global · magnitude low
- Page: https://feedsoft.ai/events/6061-corn-prices-weaken-despite-strong-export-figures
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expectations of a large South American crop add supply and pressure European and global corn prices. Solid US export pace provides some support but is not enough to offset the outlook.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-07-31 | [Corn Prices: Where Good News is Bad News](https://feedsoft.ai/events/29301-corn-prices-where-good-news-is-bad-news.md) | -0.2% | -4.2% |
| CORN | 2025-09-15 | [South America Weather Returns to Normal: Strong Early Spring Prospects for Wheat, Barley, Soybeans, Corn](https://feedsoft.ai/events/13472-south-america-weather-returns-to-normal-strong-early-spring-prospects-for-wheat.md) | +5.1% | +2.8% |
| CORN | 2020-06-04 | [Millfeed/corn price dynamic expected to resume \| 2020-06-04  \| Baking Business](https://feedsoft.ai/events/52740-millfeed-corn-price-dynamic-expected-to-resume-2020-06-04-baking-business.md) | +0.7% | +5.0% |
| CORN | 2017-02-09 | [South American Crop still big despite weather \| World-grain.com \| February 09, 2017 20:24 \| World Grain](https://feedsoft.ai/events/72422-south-american-crop-still-big-despite-weather-world-grain-com-february-09-2017.md) | +1.2% | -0.8% |
| CORN | 2021-03-22 | [U.S. grains: Corn steps back after export-led rally - AgCanada](https://feedsoft.ai/events/10763-u-s-grains-corn-steps-back-after-export-led-rally-agcanada.md) | +10.7% | +12.5% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/grains/news/newsticker-corn-prices-weaken-despite-strong-export-figures-2024-11-26

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