Corn - Price - Chart - Historical Data (2024)

Corn futures tumbled toward $4 per bushel in July, hitting a low not seen in over three and a half years, driven by a brighter supply outlook and lackluster demand. Beneficial rains from Tropical Storm Beryl in the Midwest underscored the weather's dual impact on aiding crop development while potentially boosting yields. Furthermore, the accumulation of record-high corn stocks in the US, not seen since 1988, amid economic uncertainties deepened market pessimism. On the demand side, sluggish global export demand, particularly with US shipments trailing Brazil's, intensified competitive pressures, contributing further to the price decline. Concurrently, speculative activity exacerbated market sentiment, with Chicago corn futures and options seeing a surge in bearish positions, reflecting widespread concerns over oversupply and weak demand dynamics.

Corn decreased 79.98 USd/BU or 16.97% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Corn reached an all time high of 843.75 in August of 2012. Corn - data, forecasts, historical chart - was last updated on July 20 of 2024.

Corn decreased 79.98 USd/BU or 16.97% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Corn is expected to trade at 389.74 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 367.04 in 12 months time.

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.