# Corn recovers in Chicago ahead of USDA; ample supply limits prices in Brazil

> Corn futures rose in Chicago Tuesday as the market awaited a USDA report expected to reduce estimates for the U.S. crop. In Brazil, ample available supply and cautious buying limited trading and prices, while storms in Rio Grande do Sul caused crop damage and excessive moisture hindered crop development in some areas.

- Date: 2026-11-10 · published 2026-11-10T15:05:25.524Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/91866-corn-recovers-in-chicago-ahead-of-usda-ample-supply-limits-prices-in-brazil
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Storm damage and excess moisture may reduce or delay Brazilian corn output, lending some support to prices, though abundant supplies are currently limiting the domestic market. Expected U.S. production cuts also offer potential support to futures, depending on the USDA figures.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-09-08 | [Identifying possible US corn, soy surprises ahead of USDA report](https://feedsoft.ai/events/13244-identifying-possible-us-corn-soy-surprises-ahead-of-usda-report.md) | -1.3% | -5.3% |
| CORN | 2021-06-30 | [Safrinha Corn Projections Shrink as Prices in Brazil Hit Record High - farmdoc daily](https://feedsoft.ai/events/46415-safrinha-corn-projections-shrink-as-prices-in-brazil-hit-record-high-farmdoc.md) | -0.4% | -10.6% |
| CORN | 2025-03-25 | [Brazil faces inflation risks as surging corn prices eclipse rice plunge](https://feedsoft.ai/events/25593-brazil-faces-inflation-risks-as-surging-corn-prices-eclipse-rice-plunge.md) | -1.5% | +3.1% |
| CORN | 2021-08-18 | [La Niña’s Likely Return Could Impact Brazil, US Corn](https://feedsoft.ai/events/45487-la-nina-s-likely-return-could-impact-brazil-us-corn.md) | -1.4% | -10.1% |
| CORN | 2024-08-23 | [Drought reduces corn yields in Brazil](https://feedsoft.ai/events/13551-drought-reduces-corn-yields-in-brazil.md) | +0.2% | +6.1% |

## Sources

- portaldoagronegocio.com.br: https://www.portaldoagronegocio.com.br/agricultura/milho-e-sorgo/noticias/milho-reage-em-chicago-antes-do-usda-oferta-elevada-limita-precos-no-brasil

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