Corn prices stall below $4 with few paths for an increase
For the past 27 months, farmers have been paid less than $4 a bushel for their corn crops, "and prices below $4 are expected to persist well into 2017," says economist Darrel Good of the University of Illinois. There are only two paths that could lead to higher prices, he says at farmdoc Daily: a drop-off in South America or a much smaller U.S. crop in the new year.
Grain prices to remain low into 2017
The global grain glut and weaker demand from China will keep grain prices low into next year, according to analysts at Olam International, one of the world's largest commodities traders, reports Bloomberg.