# The seasonal decline in supply raises prices on corn

> The IGC raised its 2018/19 global corn production forecast by 3 million tonnes to 1,076 million tonnes and lifted global maize trade by 1 million tonnes to 160 million. US corn exports fell 20.8% in the week, and March Chicago corn futures stayed near $149 per tonne. Ukrainian port prices rose slightly on seasonal reduced supply.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61121-the-seasonal-decline-in-supply-raises-prices-on-corn
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger global crop and slow US export pace keep pressure on corn prices, though seasonal Ukrainian supply tightening and logistics issues give limited support.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-02-09 | [WASDE Sees Corn Stocks Decline; Beans Rally on Tightening Supplies](https://feedsoft.ai/events/48586-wasde-sees-corn-stocks-decline-beans-rally-on-tightening-supplies.md) | -5.2% | +1.6% |
| CORN | 2020-12-01 | [High prices support growth in off-season corn area in Brazil - Revista Cultivar](https://feedsoft.ai/events/49478-high-prices-support-growth-in-off-season-corn-area-in-brazil-revista-cultivar.md) | -0.4% | +1.4% |
| CORN | 2018-08-30 | [Wheat Prices Rising On Global Supply Issues](https://feedsoft.ai/events/63586-wheat-prices-rising-on-global-supply-issues.md) | +2.0% | +4.0% |
| CORN | 2016-07-18 | [Grain Supply and Demand report sends grain prices falling](https://feedsoft.ai/events/7417-grain-supply-and-demand-report-sends-grain-prices-falling.md) | +5.9% | +1.7% |
| CORN | 2023-05-17 | [Corn prices fall as supplies expected to increase](https://feedsoft.ai/events/5013-corn-prices-fall-as-supplies-expected-to-increase.md) | +2.4% | +0.5% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/sezonne-skorochennya-propozitcij-pidvishue-tcini-na-kukurudzu.html

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