# Corn prices under pressure from large supply and low demand

> US and Ukrainian harvests are advancing in warm, dry weather, with US harvest catching up on backlog. Chicago corn fell 1.9% for the week, and US corn exports dropped 36.2%, while South American corn offers increase competition. Russian drought is expected to cut its corn crop.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62573-corn-prices-under-pressure-from-large-supply-and-low-demand
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy harvest supplies and competing South American corn pressure export prices, while a smaller Russian crop offers some relief for competing exporters.

## Read by commodity

- CORN: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-kukurudzu-pid-tiskom-velikoi-propozitcii-ta-nizkogo-popitu.html

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