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Corn demand is shaped by ethanol production, which has absorbed nearly 30% of the U.S. corn crop over the past decade, and by a period of drought that tightened supply. Current prices have stabilized at lower levels after three years of favorable yields and oversupply.
Analysts see limited room for ethanol-driven demand growth to repeat, so corn prices are likely to stay near current levels absent new supply shocks.
klobuchar.senate.govFrancisco Almenara-DumarDec 1, 2017Not 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.
