Corn Price OutlookCorn prices surged in recent weeks, trading at USD 369 cents per bushel on 11 September, which was 18.3% higher than on the same day a month earlier. While the price was down 5.0% on a year-to-date basis, it was 2.4% higher than on the same day last year. The recent price increase came amid uncertainty regarding supply, due to ongoing drought likely denting crop yields in the Midwest. Moreover, there were also concerns about crop damage from storms in the U.S. in August. On the demand side, recent data from the U.S. energy administration showed an increase in ethanol production, one of the main uses for corn, in the week ending 4 September. Moreover, China has been ramping up orders from the U.S. in order to comply with trade deal commitments. In addition, the USDA revised down corn production estimates in its most recent report.
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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