7 days ago
- Business
- Wall Street Journal
Corn Futures Hit Lowest Price Since 2020
Expectations for a record U.S. crop and big harvests in other growing regions have pushed down corn futures to their lowest price since autumn 2020, when they were climbing back from the Covid slump.
U.S. farmers planted a lot of corn this year at the expense of soybeans, the price of which tumbled the last time President Trump was in the White House. China retaliated to Trump's 2018 tariffs by buying far fewer U.S. soybeans, which lost about 20% and prompted a similar shift to corn. Growers and grain traders are waiting to see if China acts similarly this summer as trade talks continue.
