Corn and wheat are the two most common crops. In fact, the prices of these two crops will be widely affected by the world economy. After all, food is the most important thing for the people. The first economic impact we feel is about food, which is the phenomenon of rising commodity prices in our lives, and the price of corn is one of them.

Corn prices hit a record high.

If we look at the international market, the price of corn rose by about 45.5% year-on-year, and in some areas it reached about 80%, which was unimaginable in previous years. However, due to the special reasons of COVID-19 epidemic, the price of corn has been rising, and may even continue to rise. Although COVID-19 has been effectively contained, the side effects of the COVID-19 epidemic on the economy are slowly emerging.

Corn price is related to global economic development.

Let me talk about this logic first. Because the COVID-19 epidemic has brought great impact to the global economy, the global economy has temporarily stagnated or even regressed. At this time, the prices of many basic commodities will rise further, and the price of corn is one of them. The problems encountered in economic development will directly affect the global price level, and the prices of basic crops will further rise.

Corn prices may go up further.

Although the COVID-19 epidemic is no longer a big problem, the world economy is gradually recovering, so the prices of these basic commodities will continue to rise in the process of gradual recovery of productivity, and only after the economy really stabilizes will the prices of these commodities fall back until they return to a reasonable range.

Finally, the rising price of corn does not mean that ordinary people can also participate in investment. For ordinary people, it is actually difficult for us to grasp the cyclical laws of these commodities, and it is best not to participate blindly.