# Corn Prices Have Bullish Potential - Purdue Agricultural Economics

> USDA projections point to record corn usage above 15 billion bushels for the 2018/19 marketing year, with ending stocks falling by over 300 million bushels. Export commitments are up 16% from a year earlier, and feed use is expected to be the largest in the ethanol era.

- Date: 2018-12-05 · published 2018-12-05T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/5830-corn-prices-have-bullish-potential-purdue-agricultural-economics
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Usage exceeding production draws down stocks, which supports corn prices, with futures possibly reaching a three-year high. Weak ethanol margins are a risk to the ethanol-linked demand that underpins this outlook.

## Read by commodity

- CORN: bullish ▲

## Sources

- ag.purdue.edu: https://ag.purdue.edu/commercialag/home/paer-article/corn-prices-have-bullish-potential/

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