Corn silos on a farm

Corn Price Outlook

Corn prices have lost further ground over the last month due to ample supply, with the U.S. Department of Agriculture (USDA) revising up its 2017/2018 forecasts for U.S. production and inventories. If production meets the forecast, the country would record a bumper crop, with the third-highest output in history. Corn traded at USD 314 cents per bushel on 6 October. The price was down 3.1% from the same day of last month and was 6.8% lower on a year-to-date basis. However, the price was up 0.3% from the same day last year. Looking ahead, corn prices should rise from their current low level, as a poor outlook for profits should encourage some producers to switch to more profitable crops, dampening global supply. Output is set to fall in major producers such as Argentina, Brazil and the EU, which should lend support to prices.

Corn Price History Data (USD cents per bushel, aop)

2012  2013  2014  2015  2016  
Corn698.6  598.06  397.77  361.72  343.92  

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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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