Corn Price OutlookCorn prices have risen over the last month on the back of ebbing trade war fears, after the U.S. and Canada agreed a revised NAFTA deal and amid media reports of easing tensions between the U.S. and China. Moreover, a report from the U.S. Agriculture Department published in mid-October revised down production and yield estimates for U.S. corn, adding further upward pressures to prices. Corn traded at USD 338 cents per bushel on 2 November, which was 5.8% higher than on the same day last month and was up 4.6% on a year-to-date basis. Moreover, the price was 6.3% higher than on the same day last year. Looking ahead, prices should rise on stronger demand thanks to greater food, feed and industrial usage—including for ethanol production. On the supply side, despite an expected decline in production in Argentina and Brazil, global production is expected to rise in the 2018–19 season thanks to greater production in the United States, Ukraine and China compared to 2017–18.
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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