Chicago Corn futures were above $6.8 per bushel, holding its rising trend since hitting an eight-month low of $5.6 in July and diverging from its correlation with oil as concerns of low supply outweighed the outlook of lower demand. Poor weather in major growing regions of the Americas hampered expectations of the ongoing harvest. According to WASDE estimates, output in the US is expected to total 13.9 billion bushels in the next marketing year, down 415 million from prior estimates amid a decline in yields and harvesting area. World production and ending stocks were also revised lower. Regarding the current marketing year, summer droughts in the US wreaked havoc on domestic corn crops, with yields down to levels not seen since the drought of 2012. On top of that, La Nina effects in South America further hurt the harvests’ health, placing further pressure on supply.

Historically, Corn reached an all time high of 843.75 in August of 2012. Corn - data, forecasts, historical chart - was last updated on September of 2022.

Corn is expected to trade at 905.69 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1000.60 in 12 months time.

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Corn



Price Day Month Year
Soybeans 1,423.00 12.25 0.87% 0.04% 14.16%
Wheat 914.52 18.27 2.04% 9.98% 21.09%
Lumber 418.00 7.10 1.73% -17.88% -33.13%
Cheese 1.96 0 0% 1.66% 8.48%
Palm Oil 3,416.00 74.00 2.21% -14.47% -24.17%
Milk 19.87 0 0% 1.22% 9.60%
Cocoa 2,368.00 41.00 1.76% -2.43% -12.62%
Cotton 84.67 -0.49 -0.58% -25.21% -20.52%
Rubber 134.90 0.80 0.60% -0.95% -18.98%
Orange Juice 190.30 -0.15 -0.08% -4.16% 42.39%
Coffee 223.45 -2.25 -1.00% -6.76% 9.51%
Oat 395.75 12.9993 3.40% -0.0002% -33.04%
Wool 1,255.00 -4.00 -0.32% -6.13% -6.13%
Rice 17.23 -0.1200 -0.69% -3.42% 26.55%
Canola 852.00 13.50 1.61% 0.97% -4.64%
Sugar 18.33 -0.11 -0.60% 2.46% -8.62%
Tea 2.87 0 0% -10.31% -3.37%
Corn 681.88 12.3793 1.85% 1.70% 25.92%


Corn
Corn Futures are available for Trading in The Chicago Board of Trade (CBOT® ) which was established in 1848 and is a leading futures and futures-options exchange. More than 3,600 CBOT member/stockholders trade 50 different futures and options products at the CBOT by open auction and electronically. The biggest corn exporters are the United States, Argentina, Brazil, Ukraine, and France. In 2020 five of them generated more than 75% of overall sales.
Actual Previous Highest Lowest Dates Unit Frequency
679.11 669.50 843.75 22.90 1912 - 2022 USd/BU Daily