The price of corn in the US and Europe collapsed brutally in 2023

Corn ended the year 2023 with a 30 percent loss, which is the biggest price drop in a decade. Wheat, soybean and canola prices also declined last year in Chicago. Huge drops of 22-33 percent could also be seen in Europe, with corn leading the price drop list here too, by 33 percent. Chicago corn closed with its biggest annual decline in a decade, while wheat and soybeans also posted significant annual declines after harvests in Brazil and Black Sea trade eased weather and war concerns in 2023. Overall, the most active corn deadline was down exactly 30.6 percent overseas from the year 2022, the sharpest drop since 2013 for the world's most traded commodity. Wheat fell by exactly 20.6 percent last year, while soybeans fell by 15.2 percent and rapeseed by 14.5 percent. In Europe, in 2023, mill wheat became cheaper by 28.1 percent, corn by 33 percent, rapeseed by 25 percent, and feed wheat by 22.2 percent. In the grain and oilseeds market, the easing of harvest setbacks led to a price ...