Corn Price OutlookCorn prices weakened through mid-September on a USDA report which revised U.S. production estimates upwards due to improved yields. However, prices then recovered lost ground towards the end of the month and heading into October, thanks to a boost by the announcement of a revised NAFTA deal. The agreement should safeguard U.S. corn exports to Mexico—the largest importer of U.S. corn. Corn traded at USD 325 cents per bushel on 5 October, which was 0.9% higher than on the same day last month and was up 0.5% on a year-to-date basis. Moreover, the price was 3.3% higher than on the same day last year. Looking ahead, prices should rise on stronger demand, thanks to greater food, feed and industrial usage—including increased usage for ethanol production. On the supply side, global production is expected to rise in the 2018/19 season. The United States, Ukraine and China should see higher production, while Argentina and Brazil are set to see output decline from 2017/18.
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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