Maize (Corn) Price Trend and Forecast
Maize (Corn) Price Trend and Forecast
ChemAnalyst
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In North America, the Maize Price is fluctuating throughout the Q3 of 2022, and support comes from the erratic buying and supply trends in the local market. As corn is just one of several agricultural items whose prices have lately climbed, in part due to the situation in Ukraine, the prices were rising during the first half of Q3. Due to supply chain disruptions and high transportation costs, which are factors in general economic inflation, there was some upward pressure on agricultural items even before the conflict. With the start of the second month of Q3, prices fell because of slightly better crop conditions in the US, seasonal supply in Argentina, and the impending beginning of Brazil's primary maize harvest. Moreover, because of the war problem and the limited supply, prices rose in the final month of the quarter. Towards the end of Q3 2022, the price of Maize was recorded to be USD 340/MT FOB Los Angeles in September 2022.
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