Corn Commodity Markets, Prices & Futures
Use the chart below to check futures prices for corn. Click the contract dates for more prices and trends. Cash price reflects the USDA Chicago terminal.
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Latest News From Corn Markets
While analysts say it’s possible, yet not likely corn prices hit $18 per bushel, there are some factors fueling the market today. It’s not just the supply and demand scenario, but also the possibility of inflation.
May corn prices were up 6.5¢ and May soybean prices were up 25¢ for the week ending Feb. 26. March wheat prices were up 3.5¢.
Despite a couple down days in the commodity markets, core commodity prices were on a solid run in the past couple of weeks. And as a bull market continues to take shape, there are a few key factors in the driver’s seat
The strength and timing of the economic recovery are contingent on three uncertain factors.
USDA’s Chief Economist says the battle for 2021 acreage is on, and it may even bid into specialty crop acres amid strong signals that China plans to continue buying corn and soybeans.
USDA’s Ag Outlook Forum painted a brighter forecast for corn demand this year. While USDA does expect a 7% increase in production, the agency is also forecasting an increase in domestic use, as well as exports.
Unprecedented U.S. weather conditions, export numbers and USDA’s Ag Outlook Forum all weighed on prices this week, says Jamie Wasemiller, market analyst with Gulke Group.
USDA issued its first look at acreage during the annual Ag Outlook Forum with a record number of combined corn and soybean acres projected this year. Some analysts say given prices, that number has room to grow.
Here’s my biggest concern about what USDA didn’t deliver. What if the trade is right that U.S. corn exports will be at least 2.75 billion bushels with an outside chance of reaching 3 billion?