La Niña represents downside risk to world corn and soybean production - BMI
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2024
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Source: SeekingAlpha
Impact on Crop Prices: Brokerage BMI anticipates that the upcoming La Niña event will lead to higher corn prices and lower rice prices, while having a mixed effect on global wheat production.
Market Risks: The expected La Niña conditions are seen as introducing both upside risks for certain crops and potential challenges for others in the agricultural market.
Analyst Views on CORN
Wall Street analysts forecast CORN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CORN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 17.150
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Current: 17.150
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
