Understanding the Corn Price Index: A Guide for Farmers and Investors

Corn is a cereal grain from Corn plants, which is rich in nutrients and bioactive plant-based compounds. It comprises nutrients such as Vitamins, iron, calcium, carotene, carbohydrates, riboflavin, fats, amino acids, sulfur, and proteins.

The Corn seeds are found to be golden-yellowish on ripening and are white in colour when raw. The shape may vary and is mostly considered rounded or elliptical in structure. Corn is a storehouse of various antioxidants, such as ferulic acid, which is very useful for preventing skin aging, and hence it is used in manufacturing multiple skin care products. Applications of Corn are found primarily in the food and beverage industries.

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The key importing countries for Corn include Taiwan, the United States, and Vietnam. On the other hand, the key exporting countries are the United States, India, and Brazil, in the same order.

Key Details About the Corn Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the corn price forecast in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Corn Price chart, including India Corn price, USA Corn price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Corn Price Trend:

Corn has a wide range of applications in various domains of the global market. It is one of the most dominant crops and is the most productive. As a food, it is grown extensively across the globe for both humans and livestock. It is used in the production of biofuels and is also a crude material in industry. It is the third largest plant-based source of food in the world. The grain is rich in antioxidants and fibres.

Corn flour is used to make dough commonly used in Latin American cuisine to make bread like tortillas, tamales, and arepas. Oil extracted from Corn is used for its flavour and colour, which it provides to the delicacies. Due to its low cholesterol count, Corn oil is also used as a salad and frying oil.

Moreover, Corn oil is converted to margarine by hydrogenation, the common substitute for butter. It is also used to produce ethanol liquid which is a biofuel. Corn ethanol is blended with gasoline to create a volatile liquid known as “Gasohol,” an automotive fuel containing 10% ethanol in it. The grain’s starch makes adhesives, textiles, paper products, and more.

Key Players:

• DuPont de Nemours, Inc
• The Archer Daniels Midland Company
• KWS SAAT SE & Co. KGaA
• Limagrain UK Ltd
• Cargill Incorporated
• Bunge Milling, Inc.

News & Recent Development

• Date: April 11, 2023– The midwestern state of the United States, Kansas faces stagnant growth in the Corn plantations due to a record drought fall in the region.

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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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