Corn Price OutlookCorn prices were virtually unchanged over the past month, as weak demand from ethanol production plants sitting idle due to lockdown measures, was offset by a stronger USD. Corn traded on 15 May at USD 319 cents per bushel, which was stable compared to the same day a month earlier. The price was 17.7% lower on a year-to-date basis and was down 13.6% from the same day last year. The Great Lockdown recession has raised concerns over demand for corn, particularly when it comes to its use in ethanol production, thus weighing on prices in recent weeks. Moreover, recent USDA data indicated a comparatively weak planting season underway, but expects U.S. corn output to reach a possible five-decade high this year. Nevertheless, a stronger USD likely supported prices, amid bearish supply and demand fundamentals.
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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