Corn prices, cents/bu last = 384.25 1w: +2.3 (0.6%)
202020212022
Consensus (median)420422415
High475463415
Low390400415
Standard Deviation30220
Count of Estimates751
History
Forecast
CARG Summary (Price)
RankN/S0*1*2*3*4*5*
Strong Gr.       
Growth       
Flat       
Decline       
Strong Decl.       
Forecast Distribution
Company plot
[Positive]

It's expected that global ending stock will decrease by 3% at the end of 2019 and 2018/2019 stock-to-use will be at the level of 14.2% vs the 10-year average of 18.0%. At the same time it's projected that global consumption of corn will rise and production will be unchanged. So I expect deficit on the market, which will push corn prices up.