# US Corn Futures Weekly Outlook: Is A Bottom Forming?

> March corn futures climbed to $3.64 per bushel, their highest since November 8, early in the week on strong export inspections and sales. Prices gave back part of the gain by Friday, and USDA kept its 2016-17 U.S. corn export forecast unchanged in the December WASDE.

- Date: 2016-12-12 · published 2016-12-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73431-us-corn-futures-weekly-outlook-is-a-bottom-forming
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong export demand supports nearby corn prices, but USDA's unchanged export forecast and record world stocks limit the chance of a sustained rally.

## Read by commodity

- CORN: neutral

## Sources

- seeitmarket.com: https://www.seeitmarket.com/us-corn-futures-weekly-outlook-bottom-forming-16359/

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