Corn is a commodity commonly traded among investors. Known as “the most historically American crop”, Corn is primarily used for sugars, animal feed, alcohol, energy fuel and more.
The biggest player in Corn production is the United States, which produces around 40% of the world’s Corn supply – around 15 billion bushels per year. Following closely behind the U.S. in Corn production are China, Brazil, Ethiopia and the European Union.
There are several factors that can affect the price of Corn, namely the overall consumption of foods in the Grains Group such as rice, oats, breads and pastas.
The strength of the U.S. economy plays a major role in determining the value of Corn as well as consumption levels of corn-based fuel.
Government and environmental policies can influence price determination as do natural disasters that can impact production and distribution.
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