# CBOT weekly outlook: Corn, soy rally as focus moves to new crop - Grainews

> CBOT corn and soybean futures rallied on August 31 as traders anticipated a seasonal harvest-low bounce, with September corn up 12.75 cents to $3.4275 and November soybeans up 12 cents to $9.4525. Analysts said about 2.3 billion bushels of corn carryout must now move to market at month-end.

- Date: 2017-08-31 · published 2017-08-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69468-cbot-weekly-outlook-corn-soy-rally-as-focus-moves-to-new-crop-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The rally reflects short-term month-end liquidation and seasonal recovery, but large carryout supplies cap upside, so buyers should expect volatility as attention shifts to new-crop yield and quality.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/cbot-weekly-outlook-corn-soy-rally-as-focus-moves-to-new-crop/

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