Archive · 15 Aug 2025
Corn Prices Rise Slightly Amidst Larger Global Crop Forecasts
Imagine the world has lots of corn, soybeans, and wheat!
Because farmers are growing a lot, the price of corn is staying low, even though it went up a little bit recently.
Soybeans and wheat prices also went down because there is a lot of them.
More corn is coming from the U.S. and Brazil.
Even though the price is low, people still want to buy American corn, which is keeping the price from going down more.
Chicago corn futures slightly rose but are near contract lows.
Larger crop estimates in the U.S. and Brazil are keeping prices down.
Soybean futures decreased, losing momentum from a U.S. harvest downgrade.
Wheat prices also dropped due to an improved harvest outlook in Western Australia.
U.S. corn export sales were near the high end of trade estimates.
- Who
- Commonwealth Bank analyst Dennis Voznesenski and Conab.
- What
- Corn, soybean, and wheat futures experienced fluctuations.
- When
- The report was created on August 15.
- Where
- Chicago Board of Trade (CBOT), United States and Brazil.
- Why
- Larger crop estimates are keeping prices low, despite some increases.
- Corn Price (at 0621 GMT)
- $3.97-1/2 a bushel
- Soybean Price
- $10.27-1/2 a bushel
- Wheat Price
- $5.02-1/2 a bushel
- Brazil Corn Harvest Estimate (2024-25)
- 137 million metric tons
- U.S. Corn Export Sales
- 2,047,813 tons