Corn Futures Drop at Market Open on April 19, 2023

Apr 20, 2023

Corn futures fell by 4% at the market open on April 19, 2023, marking a significant shift in agricultural markets. The decline was driven by a number of factors, including rising global grain supplies, reduced demand for corn-based ethanol, and uncertainty around trade policy.

One of the primary drivers of the decline in corn futures is the growing global grain surplus, which has put downward pressure on prices. Favorable weather conditions in major producing regions, such as Brazil and the United States, have led to bumper crops and increased supplies. This has made it difficult for corn prices to gain traction, despite strong domestic demand for animal feed and other corn-based products.

Another factor contributing to the decline in corn futures is reduced demand for corn-based ethanol. With the rise of alternative fuels, such as electric vehicles, demand for ethanol has been on the decline in recent years. This has put pressure on corn prices, which have traditionally been buoyed by the ethanol market.

Finally, uncertainty around trade policy has also contributed to volatility in agricultural markets, including corn futures. The ongoing trade disputes between the United States and China, as well as other major trading partners, have disrupted global supply chains and created uncertainty around future demand for agricultural products. This has led to increased volatility and risk in agricultural markets, including corn futures.

Video: EP 73 Diversity is Resiliency – Stories of Regeneration Part 6

During the growing season of 2023 as summer turned into fall, the Rural Routes to Climate Solutions podcast and Regeneration Canada were on the final leg of the Stories of Regeneration tour. After covering most of the Prairies and most of central and eastern Canada in the summer, our months-long journey came to an end in Canada’s two most western provinces around harvest time.

This next phase of our journey brought us to Cawston, British Columbia, acclaimed as the Organic Farming Capital of Canada. At Snowy Mountain Farms, managed by Aaron Goddard and his family, you will find a 12-acre farm that boasts over 70 varieties of fruits such as cherries, apricots, peaches, plums, pears, apples, and quince. Aaron employs regenerative agriculture practices to cultivate and sustain living soils, which are essential for producing fruit that is not only delicious but also rich in nutrients.