# 3 Reasons Corn Prices Are Staying High - AgWeb

> May corn futures have held near $8 per bushel, a level not seen since 2013. Dan Basse of AgResource cites three bullish factors, including a Brazilian safrinha crop cut by drought, with Brazilian colleagues forecasting about 104 million tonnes against USDA's 116 million.

- Date: 2022-05-05 · published 2022-05-05T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/41444-3-reasons-corn-prices-are-staying-high-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller Brazilian crop would force importers to source more corn elsewhere, supporting US and global corn prices and raising feed costs.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-27 | [High Heat Might Push Corn Prices Even Higher](https://feedsoft.ai/events/40956-high-heat-might-push-corn-prices-even-higher.md) | +1.8% | -12.0% |
| CORN | 2019-10-29 | [Falling Corn Surplus Could Mean Higher Food Prices](https://feedsoft.ai/events/56588-falling-corn-surplus-could-mean-higher-food-prices.md) | +2.7% | +1.1% |
| CORN | 2021-06-30 | [Safrinha Corn Projections Shrink as Prices in Brazil Hit Record High - farmdoc daily](https://feedsoft.ai/events/46415-safrinha-corn-projections-shrink-as-prices-in-brazil-hit-record-high-farmdoc.md) | -0.4% | -10.6% |
| CORN | 2025-03-25 | [Global corn stocks low and falling - prices to rise](https://feedsoft.ai/events/25595-global-corn-stocks-low-and-falling-prices-to-rise.md) | -1.5% | +3.1% |
| CORN | 2017-06-09 | [DDG Prices Driven Higher by Rise in Corn Futures](https://feedsoft.ai/events/70594-ddg-prices-driven-higher-by-rise-in-corn-futures.md) | -1.0% | +0.3% |

## Sources

- agweb.com: https://www.agweb.com/markets/market-outlooks/3-reasons-corn-prices-are-staying-high

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