3 Reasons Corn Prices Shot Past $7

 

By Sara Schafer, AgWeb

April 27, 2021

 

Up. Up. Up. May 2021 corn futures topped $7 per bushel on April 27. A look at the corn price chart shows a dramatic and consistent climb higher. You can find multi-year highs in many ag commodities.

 

“These are one of those times that come along generally once every 30 years or so when the markets just really take off,” says Arlan Suderman, StoneX chief commodities economist. “And we just went through this about 12 years ago or so.”

 

How high will prices go? How long will the high prices last? What is behind this rally? Here are some of the factors at play:

 

1.    Weather Problems in Brazil ...

 

2.    Steady Planting Progress ...

 

3.    Higher-than-Expected Demand ...

 

Stay Active, State Realistic ...

 

more, including links, plant progress maps, chart

https://www.agweb.com/markets/market-analysis/3-reasons-corn-prices-shot-past-7