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AgWeb analysts project corn prices for the 2022 marketing year, with the December 2021 contract up 34.5% year to date and a 2021 high of $6.36½ on May 7. Concerns center on softer export demand, as China holds corn contracts but has not taken shipment.
Analysts see stronger on-farm cash prices supporting domestic corn demand, but uncertain Chinese export take-up could cap upside in the new year for feed buyers.
agweb.comTyne MorganJan 1, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
