『Corny Economics: Kernels of Truth from the Heartland』のカバーアート

Corny Economics: Kernels of Truth from the Heartland

Corny Economics: Kernels of Truth from the Heartland

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This is your Daily Corn Price Tracker with Vanessa Clark podcast.

Welcome back to Daily Corn Price Tracker, I am Vanessa Clark, and we are talking all things corn prices, corn futures, and what is moving the corn market today.

Let us start with the headline number. According to Trading Economics, benchmark corn futures are trading right around four dollars and forty cents per bushel, roughly four hundred forty cents, up about one and a half percent from the previous session. Over the past month corn prices have climbed a bit more than two percent, but they are still slightly below levels from earlier in the year. In other words, we are off the lows, but not in a runaway rally.

What is driving that move. Trading Economics reports buyers are stepping in thanks to strong export demand, including fresh sales to countries like Colombia and Mexico, plus record United States ethanol production at the end of November that is chewing through more corn as feedstock. On the supply side, near term availability is tighter because of slower shipments out of Ukraine and some Brazilian sellers holding grain back while they focus on planting and crop development.

At the same time, the United States Department of Agriculture, in its latest World Agricultural Supply and Demand Estimates, kept its season average farm price for corn at about four dollars per bushel, while trimming ending stocks as exports increase. That means today’s futures pop is happening against a backdrop of still comfortable overall supplies, but stronger demand tugging those stocks down at the margin.

So what does this mean for you. If you are a farmer or merchandiser, this kind of four dollar thirty to four dollar fifty band is where smart marketing plans matter. Think about using modest price strength to scale in sales instead of trying to hit the exact top. If you are a livestock producer or ethanol plant watching corn as a feed or input cost, days like this are a reminder to lock in favorable prices when the market dips back toward the lower end of the recent range.

Search wise, if you are looking up corn prices today, corn futures price, or live corn market update, you are in the right place. I will keep tracking daily moves, export headlines, and those key reports from the United States Department of Agriculture so you do not have to.

That is it for today on Daily Corn Price Tracker with Vanessa Clark. Thanks for listening, be sure to subscribe, share this with a friend who watches corn prices, and tune in next time for your next quick update on the corn market.

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