# Ample supply holds corn prices near lowest level since 2020

> Corn prices were near their lowest level since 2020 as large speculators built their biggest net short position in CBOT corn since August 2020 by September 12. Traders said they expected further selling.

- Date: 2023-09-18 · published 2023-09-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7181-ample-supply-holds-corn-prices-near-lowest-level-since-2020
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy fund short positioning and ample supply keep corn futures under pressure, which lowers feed grain costs for buyers.

## Read by commodity

- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2023-09-22 | 5 | -10.5% | -3.1 | Ample supply and record speculative net short positioning in CBOT corn signaled further fund liquidation and selling pressure, driving prices to multi-year lows. |
| CORN | 2023-09-20 | 5 | -8.8% | -2.9 | Record large speculative net short and expectations of further selling, alongside ample supply, drove sentiment-led liquidation in corn. |
| CORN | 2023-09-18 | 1 | -10.9% | -4.4 | Ample supply and the largest speculative net short since 2020 describe the sentiment backdrop in which further fund liquidation pushed prices sharply lower on the day. |

## Sources

- reuters.com: https://www.reuters.com/article/idUSL1N3AU024/

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