Corn Price OutlookCorn prices have risen in recent weeks, trading at USD 407 cents per bushel on 6 November, which was up 5.6% from the same day a month earlier. Moreover, the price was 4.9% higher on a year-to-date basis and was up 7.4% from the same day last year. Demand for corn was strong in recent weeks, likely on higher ethanol production—corn is used to produce ethanol—and favorable market dynamics from China. Chinese corn imports have been strong recently as the country tries to meet its commitments made under the phase-one trade deal with the U.S. amid tight domestic supply. Moreover, on 9 October, the USDA once again revised down its forecasts for corn production for this year, by 1% compared to previously estimated values on 11 September. This likely changed expectations regarding supply and boosted prices in turn.
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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