Corn silos on a farm

Corn Price Outlook

Corn 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)

2013  2014  2015  2016  2017  
Corn598.06  397.77  361.72  343.92  334.76  

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities.

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Corn Historical Price Chart


Corn historical price chart
Note: Chicago Board Of Trade (CBOT) Corn, prices in USD cents per bushel (bu). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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