# Corn rally prospects for the new year

> US corn production for 2023/24 is pegged at 15.234 billion bushels, with ending stocks near 2.13 billion. Seasonal data show March corn futures rose into January in each of the past 16 years. Analysts say a major rally would need strong exports, Brazilian weather problems or a US drought.

- Date: 2023-12-14 · published 2023-12-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9993-corn-rally-prospects-for-the-new-year
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Large US stocks cap rally potential, but seasonal patterns and possible export or weather shocks support prices into the new year.

## Read by commodity

- CORN: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/corn-rally-prospects-for-the-new-year

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