Corn prices settle at 5-year high as flooding leaves U.S. plantings way behind

“U.S. corn will be in short supply, but emotions, fears, and hoarding could push it to shortage,” said Ned Schmidt, editor of the Agri-Food Value View Report. The “reality of the situation will develop over time, pushing December 2019 corn to $5.05” a bushel by year end. That would mark a 9% rise from the current $4.63 ½ December corn price CZ19, +1.82% and highest finish for a most-active contract since May 2014.