Corn prices rising, but analysts say poor demand outlook will impose ceiling on increases

In Illinois, concerns about South American corn harvest yields drove underlying corn prices up 2 percent for spring deliveries, but analysts said that while corn has reached $4.06 for the July futures contract there is little support for further price increases due to a poor demand outlook. Corn has traded in a $3.73 to $4.06 range for  the past two weeks, owing to a poor long-term demand outlook.

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