# U.S. corn farmers step up sales as CBOT futures surge | Reuters

> U.S. corn futures surged to their highest level in nearly a year on June 8, 2017. Many growers who had finished planting sold remaining stocks from last year's crop to take advantage of the rally.

- Date: 2017-06-08 · published 2017-06-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70517-u-s-corn-farmers-step-up-sales-as-cbot-futures-surge-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy farmer selling into a rally adds supply to a market already burdened by large global stockpiles, which can cap gains. Feed buyers may see softer cash basis as sales continue.

## Read by commodity

- CORN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/world/us-corn-farmers-step-up-sales-as-cbot-futures-surge-idUSKBN18Z2X3/

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