Corn Price OutlookCorn prices continued to rise over the past month, likely due to a jump in crude oil prices and robust demand conditions. Corn traded at USD 596 cents per bushel on 14 January, which was 1.0% higher than on the same day a month earlier. Moreover, the price was up 0.5% on a year-to-date basis and was 11.6% higher than on the same day last year. Corn prices were lifted at the start of the year due to a strong rise in crude oil prices, which supported ethanol demand—corn is a key ingredient in the production of ethanol. Moreover, fertilizer costs have continued to rise in line with other key supplier inputs, forcing farmers to raise their output prices, all while capping their overall planting acreage. This should have weighed somewhat on the overall supply outlook, and consequently pushed prices higher. Furthermore, corn exports remain healthy despite slowing demand from China, pointing to a healthy demand outlook.
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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