# Corn Weekly Report

> Chicago December corn fell 1.6% in the week to September 15 after USDA raised its U.S. 2023/24 production estimate. The report also flagged concern about low US river levels slowing grain shipments.

- Date: 2023-09-18 · published 2023-09-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7188-corn-weekly-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

A larger U.S. crop estimate points to lower corn prices, while low river levels raise barge freight costs and may slow shipments.

## Read by commodity

- CORN: bearish ▼
- BARGE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2023-09-22 | 5 | -10.5% | -3.1 | December corn fell after USDA raised its 2023/24 production estimate, adding supply pressure, though the weekly drop was modest relative to the full move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-12-01 | [WEEKLY EXPORT REPORT: Corn, soybean, wheat business declines](https://feedsoft.ai/events/73339-weekly-export-report-corn-soybean-wheat-business-declines.md) | +3.9% | +2.9% |
| CORN | 2021-07-12 | [Report Recap](https://feedsoft.ai/events/46001-report-recap.md) | -6.7% | -7.2% |
| CORN | 2020-07-10 | [July WASDE report fails to inspire corn gains](https://feedsoft.ai/events/52076-july-wasde-report-fails-to-inspire-corn-gains.md) | -4.9% | -7.5% |
| CORN | 2016-12-05 | [U.S. Corn Weekly Price Outlook: Patience Required](https://feedsoft.ai/events/73484-u-s-corn-weekly-price-outlook-patience-required.md) | +4.1% | +2.4% |
| CORN | 2020-04-13 | [USDA report: Larger U.S. corn, soy, wheat stocks](https://feedsoft.ai/events/53602-usda-report-larger-u-s-corn-soy-wheat-stocks.md) | -5.4% | -6.1% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/corn-weekly-report-2023-09-18/

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