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Ohio State agricultural economists projected the 2018 average corn price at $3.36 per bushel and expect it to rise above $3.60 in 2019. Corn prices had begun to rebound after falling since summer.
Exports rose from September as low US prices attracted buyers such as the EU, Vietnam and Israel.
A tightening world corn supply and strong export buying point to firmer corn prices in 2019, though the forecast depends on whether that export demand continues.
ntxe-news.comThe Ohio State UniversityDec 29, 2018Not 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.
