Why are Corn Prices so high?
05-02-2026 - Over the past month, corn prices have fallen from 444.5 cents per bushel to 429.5 cents per bushel, reflecting a downward trend in the raw material market. This decline suggests potential changes in supply or demand dynamics. The forecast predicts a slight increase to 430.75 cents per bushel, up by 1.25 cents or 0.3% from the current price, indicating a generally stable trend with minimal risk in raw material pricing.
The forecast also highlights upward price pressure on raw materials due to supply factors, with a 5.5 cents per bushel impact, particularly from crop growth and weather conditions. However, conflicting demand and supply data, along with technical indicators, suggest downward pressure.
Recent market analyses present a bearish outlook for the CME corn market in the coming month, contrasting with the forecast's slight upward trend to 430.75 cents. The USDA's January report increased the 2025/26 corn production estimate by 269 million bushels to 17.021 billion, exceeding expectations by 470 million bushels. This adjustment has led to a rise in ending stocks to 2.227 billion bushels, a nine-year high, contributing to a significant drop in corn prices to five-month lows. Additionally, the National Corn Growers Association projects a market year average corn price of $4.10 per bushel for 2026, 37% lower than the $6.54 recorded in 2022, indicating continued downward pressure on prices. These external analyses offer a perspective contrary to the forecast.
The forecast also highlights upward price pressure on raw materials due to supply factors, with a 5.5 cents per bushel impact, particularly from crop growth and weather conditions. However, conflicting demand and supply data, along with technical indicators, suggest downward pressure.
Recent market analyses present a bearish outlook for the CME corn market in the coming month, contrasting with the forecast's slight upward trend to 430.75 cents. The USDA's January report increased the 2025/26 corn production estimate by 269 million bushels to 17.021 billion, exceeding expectations by 470 million bushels. This adjustment has led to a rise in ending stocks to 2.227 billion bushels, a nine-year high, contributing to a significant drop in corn prices to five-month lows. Additionally, the National Corn Growers Association projects a market year average corn price of $4.10 per bushel for 2026, 37% lower than the $6.54 recorded in 2022, indicating continued downward pressure on prices. These external analyses offer a perspective contrary to the forecast.
What is the current / spot price of Corn?
Corn Price Today
February 6, 2026
Current Price
429.5
$/bsh
What is the forecast for the price of Corn?
Corn Price Forecast
February 9, 2026
1 Month Forecast
430.75
$/bsh
1 Year Forecast
498
$/bsh
What are the short-term drivers of Corn prices?
Over the 1 Month horizon the outlook is moderately bullish due to drivers such as: - The net positions of speculators on COMEX - The shape of the futures curve - Max. temperature in South Dakota (United States) Br(None) The top contrary drivers for the 1 Month horizon are: - EWMA-based technical analysis - Movements in the Iranian Rial Spot
What are the long-term drivers of Corn prices?
Over the 1 Year horizon the outlook is bullish due to drivers such as: - Max. temperature in Minnesota (United States) - US WASDE Corn Ending Stocks - The shape of the futures curve Br(None) The top contrary drivers for the 1 Year horizon are: - Long term price trends - Grain imports to Viet Nam
Will the price of Corn go up?
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1 Week
1 Month
3 Month
6 Month
1 Year
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