# Corn prices to stay elevated as global supplies ‘remain tight’

> Procurement analytics firm Beroe forecasts corn prices will stay elevated through 2023 as Ukraine's war hampers its grain exports and global supply is still catching up with demand. Chinese feed demand for corn is under pressure, while US and Chinese processing demand is rising.

- Date: 2023-01-12 · published 2023-01-12T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/37801-corn-prices-to-stay-elevated-as-global-supplies-remain-tight
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Ukrainian export disruption and tight global corn supplies support corn prices, which raises feed costs for buyers. Weak Chinese feed demand is a partial offset.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-08-23 | [Obstacles to global grain shipments remain](https://feedsoft.ai/events/39927-obstacles-to-global-grain-shipments-remain.md) | +5.2% | +3.4% |
| CORN | 2026-04-30 | [From surplus to strain: Iran war and El Nino threaten global rice supply - The Japan Times](https://feedsoft.ai/events/10153-from-surplus-to-strain-iran-war-and-el-nino-threaten-global-rice-supply-the.md) | -1.6% | -0.5% |
| CORN | 2022-02-24 | [Ukraine shuts ports as conflict threatens grain supplies \| Reuters](https://feedsoft.ai/events/14507-ukraine-shuts-ports-as-conflict-threatens-grain-supplies-reuters.md) | +6.5% | +12.3% |
| CORN | 2022-06-28 | [Insight: Global crop problems point to years of high food prices \| Reuters](https://feedsoft.ai/events/40952-insight-global-crop-problems-point-to-years-of-high-food-prices-reuters.md) | +4.0% | -16.7% |
| CORN | 2024-10-22 | [UK warns Russian strikes on Black Sea delay grain supplies to Palestinians, global south \| Reuters](https://feedsoft.ai/events/14266-uk-warns-russian-strikes-on-black-sea-delay-grain-supplies-to-palestinians.md) | -0.0% | +2.2% |

## Sources

- dairyreporter.com: https://www.dairyreporter.com/Article/2023/01/12/corn-prices-to-stay-elevated-as-global-supplies-remain-tight/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.