Why is price of corn so high?

Why is price of corn so high?

Corn prices rise on tightening supplies D., AgriLife Extension grain economist, Bryan-College Station, said the market is highly speculative at this point due to a range of factors that boil down to tight supplies and high demand currently and uncertainty about domestic and foreign production this growing season.

Why are corn prices high in 2012?

As of Monday, according to The Wall Street Journal, corn prices are up 50%, with the cost of a bushel at $7.73, and prices are closing in on highs not seen since 2012 when drought decimated crops across the Midwest and sent prices soaring to $8.31 a bushel, the Journal reported.

What’s the current price of corn?

The price shown is in U.S. Dollars per bushel. The current price of corn as of January 14, 2022 is $5.9625 per bushel.

What is the future of corn prices?

Corn ending stocks in 2021/22 are projected to be higher than the December WASDE report, but the season-average farm price is forecast to remain unchanged at $5.45 per bushel. Foreign corn production is reduced this month, with several partly offsetting changes.

What is corn’s (corn) price?

Today’s CORN price is $121.24, which is down 26% over the last 24 hours. CORN ‘s market cap is unknown. 24 hour CORN volume is $493,184. It has a market cap rank of 3538. CORN is traded on 1 exchange, with the top exchange being JustSwap ($492,455).

Why are corn prices still at a 5-month high?

Chicago corn futures traded around $5.8 a bushel, remaining near a 5-month high as investors balanced supply concerns against the possibility of weaker demand, especially from China. Slower than average planting in Argentina; and global supply disruptions continue to support prices.

What is the historical price of corn per bushel?

Interactive chart of historical daily corn prices back to 1959. The price shown is in U.S. Dollars per bushel. The current price of corn as of June 04, 2021 is $6.8275 per bushel.

When was the last time corn prices were last updated?

Corn – data, forecasts, historical chart – was last updated on December of 2021. Corn is expected to trade at 819.76 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations.