Corn Price OutlookCorn prices increased over the past month, likely due to the fading impact of Hurricane Ida on key export terminals, still-strong demand and rising crude oil prices. Corn traded at USD 534 cents per bushel on 7 October, which was 4.6% higher than on the same day a month earlier. Moreover, the price was up 10.3% on a year-to-date basis and was 37.4% higher than on the same day last year. U.S. export terminals were hit hard by Hurricane Ida in August, but operations have gradually recovered in recent weeks, which has favored corn exports and prices in turn. Moreover, optimism around strong Chinese demand ahead due to some easing of geopolitical tensions should have also supported prices. Furthermore, rising crude oil prices over the past month likely also benefited prices for corn due to its role in the production of ethanol.
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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