Corn Price OutlookCorn prices rose slightly over the last month, reaching their highest level in over ten months in early May, amid concerns that the planting season in the U.S. was off to a slow start due to cold weather. However, the latest data suggests that progress has accelerated as temperatures have risen—despite being more sluggish than in 2017—with 39% of corn planted by 6 May. Corn traded at USD 369 cents per bushel on 11 May. The price was 4.1% higher than on the same day last month and was up 14.1% on a year-to-date basis. The price was 7.1% higher than on the same day last year. Looking ahead, corn prices should increase, thanks to greater demand for food, feed and industrial usages. In addition, continuing strong ethanol production in the U.S. should also support prices and global production is set to pick up only slightly in 2018/2019, held back by a continued decline in U.S. output, with inventories set to decline as a result.
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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