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S&P Global's 2021 outlook says US corn prices are expected to stay firm, supported by a recovering global demand picture. It highlights strong Chinese demand, shrinking supplies, and competition from soybeans for 2021 acres.
It also notes that vaccine-driven ethanol demand recovery and steady global feed demand for DDGS could help.
Tight US supplies and resilient feed and ethanol demand point to firm corn prices, which raises feed costs for buyers. Competition from soybean acreage limits how far corn can rise.
spglobal.comJan 4, 2021Not enough comparable past events yet for a historical read.
Not 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.
