Corn Price OutlookCorn prices have started to recover in recent weeks following the plunge observed in June in response to the introduction of retaliatory tariffs of 25% on U.S. corn imports by China. Prices benefited from worsening harvest prospects in Europe and Latin America, and lower-than-expected crops in the United States. Corn traded at USD 334 cents per bushel on 3 August. The price was up 4.9% from the same day last month and was 3.3% higher on a year-to-date basis. However, the price was down 0.1% from the same day last year. Looking ahead, tightening supply should put upward pressure on corn prices despite ongoing trade disputes with China. Moreover, strong demand for the commodity, including for feed, industrial usage and ethanol production, will also support corn prices. On the supply side, global production is set to pick up only marginally in 2018/2019, held back by a continued decline in U.S. output.
Corn Price History Data (USD cents per bushel, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Corn Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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