In the not-too-distant future, three key variables—weather, an aging U.S. population and outside markets—will play an important role in the price farmers get for their corn.
"As weather adversity globally increases, and population pressures increase, this has a significant impact on corn price activity," notes Bob Utterback, Farm Journal economist.
Click the play button below to hear several excerpts from a presentation he made this month:
Utterback spoke at the 2014 National Farm Machinery Show. In another portion of his presentation, he provided an overview of commodity activity this year for corn, soybeans, hogs and more.
Click here for complete coverage of the 2014 National Farm Machinery Show.