News & Publications
January 31, 2025 |
Could Corn Prices Blow Over?
Could Corn Prices Blow Over?
Ag Marketing IQ: Six points to consider regarding corn prices as the grain market faces spring planting headwinds, including questions about disappearance, competitive feed pricing, ethanol demand and export pressures.
“Friendly” January Corn Supply/Demand and Grain Stocks reports helped propel March futures some $.25 cents higher to the $4.95 level before the market paused for a breather and it has since sold off 15 cents or so. The report saw USDA cutting last fall’s corn yield by 3.8 bushels per acre to 179.3 and production by 276 million bushels to 14.867 bbu. Dec. 1 corn stocks of 12.07 bbu were 92 million below the average trade estimate, adding a supportive note to the report.
