# The slow pace of exports lower corn prices

> Low U.S. corn export demand pushed March corn futures to $148.4/t on Friday, with U.S. corn exports down 22 percent on the week. Season-to-date sales were 14.6 million tonnes versus 25.5 million a year earlier, and Ukraine has been expanding corn exports.

- Date: 2019-12-09 · published 2019-12-09T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/9819-the-slow-pace-of-exports-lower-corn-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Weak U.S. export competitiveness against Ukrainian and Brazilian corn keeps U.S. corn prices under pressure, while Ukrainian export strength supports Black Sea corn values.

## Read by commodity

- CORN: bearish ▼
- DDGS: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2019-12-09 | 1 | -2.8% | -3.5 | Weak US corn export demand (sales sharply below last year, weekly exports down 22%) pressured March corn futures right before the Dec 9 drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-03-21 | [Corn price drops to 163.00 EUR / t - is the flood of](https://feedsoft.ai/events/11428-corn-price-drops-to-163-00-eur-t-is-the-flood-of.md) | -0.0% | +4.4% |
| CORN | 2019-05-01 | [U.S.-China trade conflict pulled corn prices 20 cents per bushel lower](https://feedsoft.ai/events/7597-u-s-china-trade-conflict-pulled-corn-prices-20-cents-per-bushel-lower.md) | +1.1% | +11.2% |
| CORN | 2023-01-18 | [U.S. comes closer to losing corn export crown to Brazil](https://feedsoft.ai/events/14871-u-s-comes-closer-to-losing-corn-export-crown-to-brazil.md) | -1.7% | -1.0% |
| CORN | 2023-06-21 | [China intensifies imports of grains and oilseeds amid lower world prices](https://feedsoft.ai/events/14833-china-intensifies-imports-of-grains-and-oilseeds-amid-lower-world-prices.md) | -3.2% | -12.0% |
| CORN | 2023-07-07 | [The US is the world's biggest corn exporter - but for how long? - BBC News](https://feedsoft.ai/events/14827-the-us-is-the-world-s-biggest-corn-exporter-but-for-how-long-bbc-news.md) | +2.6% | -9.3% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/nizki-tempi-eksportu-opuskayut-tcini-na-kukurudzu.html

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