CATDOLL : CATDOLL: Corn price trend and forecast in 2018

Review of corn price trends in 2018

2018 was a year of volatility in the global agricultural product market, and corn, as an important food and raw material, has also attracted much attention for its price. Looking back at 2018, the factors that led to the decline in global corn prices include:

• Global corn production increased: Global corn production in 2018 increased compared with the previous year, mainly benefiting from good weather conditions and advances in agricultural technology. The expected bumper harvest in major corn-producing areas around the world has led to sufficient corn supply, which has put some pressure on prices.
• Impact of US trade policy: The US government's trade policy in 2018 had a certain impact on the global agricultural product market, and corn was no exception. US corn exports were restricted, resulting in a backlog of corn stocks and a decline in prices.
• Slowing global economic growth: The slowdown in global economic growth has also had some impact on the demand for agricultural products, including corn. Slower economic growth has led to reduced consumption, which in turn has put pressure on corn prices.

Corn Price Forecast for 2019

The trend of corn prices in 2019 is affected by many factors. Here are some forecast points worth paying attention to:

• Global corn supply and demand: The global corn market will continue to be affected by global supply and demand. If global corn production continues to increase while demand growth is relatively slow, supply may exceed demand, which will suppress prices.
• Changes in trade policy: Changes in trade policy will continue to have an impact on corn prices. If there are positive changes in trade policy, especially the lifting of bans or reduction of tariffs, it will have a positive impact on corn exports and may boost prices.
• Climate factors: Corn growth mainly depends on climate conditions. Adverse climate may have a negative impact on corn yields, thereby pushing up prices.

Taking all the above factors into consideration, corn prices may continue to maintain a relatively downward trend in 2019, but the specific trend still needs to closely monitor changes in the global and domestic agricultural product markets.

Summarize

In 2018, corn prices showed a downward trend due to multiple factors such as increased global corn production, US trade policies, and slowing global economic growth. For corn prices in 2019, global corn supply and demand, changes in trade policies, and climate factors will be the main factors affecting them. It is expected that corn prices may continue to maintain a relatively downward trend in 2019. The final trend depends on the interaction of multiple factors, and we need to pay close attention to the dynamics of the agricultural product market.

Thank you for reading this article. I hope it will help you understand the price trend and forecast of corn in 2018.