Corn Price OutlookCorn prices have fallen substantially over the last month, on rising concerns of a trade war between the U.S. and China. China announced plans to place tariffs on U.S. corn exports, effective 6 July, which could dampen demand. In addition, recent USDA data shows that the progress of the U.S. corn crop is ahead of 2017 and the average of the previous five years, while the crop’s condition is encouraging. The prospect of solid supply likely added further downward pressure to prices. Corn traded at USD 328 cents per bushel on 6 July. The price was down 5.6% from the same day last month but was 1.4% higher on a year-to-date basis. The price was down 8.4% from the same day last year. Looking ahead, corn prices should rise thanks to greater food, feed and industrial usage. In addition, continuing strong ethanol production in the U.S. should support 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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