Corn Price OutlookCorn prices increased over the last month on concerns about future global supply, particularly in Argentina and Brazil. Moreover, strong demand from China supported corn prices. That said, in mid-November, the International Grains Council revised up its production forecast on the back of a strong expected U.S. crop. Corn traded at USD 327 cents per bushel on 1 December. The price was up 3.8% from the same day last month but was 3.0% lower on a year-to-date basis. The price was up 3.0% from the same day last year. Looking ahead, corn prices should rise from their current low level thanks to greater demand for food, feed and industrial usage. In addition, a poor outlook for profits could encourage some producers to switch to more profitable crops. Output is set to fall in 2017/18, on the back of lower production from key producers such as the Ukraine, Brazil and China.
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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