# Corn Prices Surge On Export Optimism - Sorafutures.com

> Corn futures rose 9 to 13 cents on Thursday, closing near intraday highs. The USDA reported a 152,000 MT old-crop corn sale to undisclosed buyers and old-crop weekly export sales of 1.181 MMT, at the high end of expectations. Census data showed April US corn exports up 28% year on year.

- Date: 2024-06-07 · published 2024-06-07T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6151-corn-prices-surge-on-export-optimism-sorafutures-com
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong US export sales and shipments with limited Brazilian supply until second-crop harvest reaches ports support nearby corn prices.

## Read by commodity

- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2024-06-10 | 1 | +5.1% | 5.4 | Old-crop export sales at the high end of expectations and April exports up 28% year on year point to strong demand, supporting the rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-02-20 | [Corn and Barley Prices Climb on Export Surge and Demand - Agrolatam](https://feedsoft.ai/events/20660-corn-and-barley-prices-climb-on-export-surge-and-demand-agrolatam.md) | +1.4% | +8.9% |
| CORN | 2025-12-03 | [US corn futures rise on strong export sales](https://feedsoft.ai/events/21540-us-corn-futures-rise-on-strong-export-sales.md) | +0.7% | -0.4% |
| CORN | 2020-10-27 | [Corn futures set 14-month high on strong export demand](https://feedsoft.ai/events/5717-corn-futures-set-14-month-high-on-strong-export-demand.md) | -3.7% | +6.9% |
| CORN | 2020-08-03 | [U.S. wheat futures fall on U.S. export woes; corn, soybeans firm \| Financial Post](https://feedsoft.ai/events/51658-u-s-wheat-futures-fall-on-u-s-export-woes-corn-soybeans-firm-financial-post.md) | -1.4% | +7.2% |
| CORN | 2024-01-18 | [India's corn exports plunge as local prices rally on strong demand](https://feedsoft.ai/events/32179-india-s-corn-exports-plunge-as-local-prices-rally-on-strong-demand.md) | +1.1% | -5.6% |

## Sources

- sorafutures.com: https://www.sorafutures.com/archives/1922

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