# Chicago prices rebound from lows with weather, exports in focus | Financial Post

> Chicago corn and soybeans rose on Friday in a technical rebound from multi-month lows, while wheat regained ground after nearing a two-year low. Traders cited tepid US exports, large global supplies, and improved odds of a US debt deal. The IGC raised its 2023/24 world corn crop forecast on bigger Brazil and China outlooks.

- Date: 2023-05-19 · published 2023-05-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7837-chicago-prices-rebound-from-lows-with-weather-exports-in-focus-financial-post
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Large Brazilian and global supplies are capping corn and soybean prices, and the rebound is largely technical. Feed buyers face a market where ample export competition keeps prices under pressure.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chicago-prices-rebound-from-lows-with-weather-exports-in-focus

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