Corn Price OutlookCorn prices continued to rise through June as ongoing wet weather caused planting delays and poor crop conditions in most of the U.S. corn belt. On 5 July, prices traded at USD 437 cents per bushel, which was 11.2% higher than on the same day in the previous month. Moreover, the price was up 26.3% on a year-to-date basis and was 36.8% higher than on the same day last year. Lower expected supply due to heavy rainfall and flooding boosted prices in June, as in May. The wet weather is expected to negatively affect yields this season due to both the late planting and poorer growing conditions. According to the USDA, corn conditions were much poorer than last year as of 30 June, with only 56% of crops deemed in “good” or “excellent” state, compared with 76% in 2018.
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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