# Corn prices headed up? | MU Extension

> An MU Extension analysis of corn prices says planting delays could reduce US corn area and yields. A scenario of 85 million planted acres with 170 bu/ac yields implies a crop about 1.7 billion bushels below USDA's May forecast. The analysis projects farm prices near $4.15/bu and Chicago corn near $4.50/bu, and March 2020 futures already traded above $4.50.

- Date: 2019-07-03 · published 2019-07-03T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/58129-corn-prices-headed-up-mu-extension
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A supply shock of this size would tighten the feed grain balance and raise feed costs for livestock buyers. The price implication is bullish corn, although the outcome depends on final planting and yields.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-06-14 | [Heatwave in the USA pushes up corn prices on the CBoT](https://feedsoft.ai/events/29811-heatwave-in-the-usa-pushes-up-corn-prices-on-the-cbot.md) | -3.2% | -10.7% |
| 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 | 2020-07-13 | [Too little water, too much heat puts tasseling corn at risk \| MU Extension](https://feedsoft.ai/events/51953-too-little-water-too-much-heat-puts-tasseling-corn-at-risk-mu-extension.md) | -1.6% | -5.7% |
| CORN | 2022-05-04 | [Rain, heat increase risk of ponding \| MU Extension](https://feedsoft.ai/events/13360-rain-heat-increase-risk-of-ponding-mu-extension.md) | +4.7% | +2.1% |
| CORN | 2019-07-01 | [Milk, corn prices up in 2019 \| Idaho Farm Bureau](https://feedsoft.ai/events/4199-milk-corn-prices-up-in-2019-idaho-farm-bureau.md) | +1.3% | +0.2% |

## Sources

- extension.missouri.edu: https://extension.missouri.edu/news/corn-prices-headed-up

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