Strong corn demand continues as massive crop gets harvested
Lower corn prices continue attracting demand, with exports starting the year on a strong note. Demand from the other major use sectors also remains higher than prior years.
However, the crop harvest should help pressure prices even in the face of this robust demand. This year’s crop is estimated at 14.827 billion bushels, 223 million bushels above last season’s output. According to USDA, 26 percent of the corn crop had been harvested as of Sep. 30, compared to the five-year average of 17 percent.
U.S. corn harvest progress
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