The ongoing revival in global demand growth together with constrained global supply means that the price of corn is likely to hold onto most of its recent gains for some time. That said, strategists at Capital Economics think that the corn price will fall in 2022 as demand growth in China slows and global supply rebounds. Corn price rally to run out of steam “We expect the price of corn to hold up well for the rest of this year as the global market remains in a sizeable deficit, which will lead to a further drawdown of global stocks.” “We think that prices will fall in 2022 for two key reasons. First, we expect demand growth in China (the world’s second largest consumer) to slow. Second, global supply should rebound soon. For one, the recent end to the La Niña should lift corn yields, particularly in Latin America. In addition, the rally in corn prices should incentivise farmers to plant more corn at the expense of other food crops.” “We expect that the deficit in the global corn market will narrow in 2021/22, which should alleviate some of the downward pressure on stocks. Accordingly, we now forecast that the price of corn will fall to 550 and 450 US cents per bushel by end-2021 and end-2022, respectively, from around 600 US cents per bushel currently.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/TRY Price Analysis: Battles 21-DMA resistance on the road to recovery FX Street 2 years The ongoing revival in global demand growth together with constrained global supply means that the price of corn is likely to hold onto most of its recent gains for some time. That said, strategists at Capital Economics think that the corn price will fall in 2022 as demand growth in China slows and global supply rebounds. Corn price rally to run out of steam "We expect the price of corn to hold up well for the rest of this year as the global market remains in a sizeable deficit, which will lead to a further drawdown of global stocks." "We… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.