The New Normal?
Jan 06, 2014
$3.99 Corn…..the new normal?
After a weak close on Monday with December corn trading at $4.50 and November beans at $11.35, what will 2014 bring?
We here at Trade the Farm are sharpening our pencils, pulling out our chairs and settling in to retool our profit margins for what is looking to be a challenging year. All the old tricks we’ve used in the last 6-7 years aren’t going to work in this new corn market.
Corn prices plunged 39% in 2013 because of low demand and high supply. These trends look to continue in the first part of the new year, and possibly all year. A crop report coming next week should help to sharpen things up a bit.
Don’t you miss $8.00 corn? I sure do.
What do you think 2014 has in store for us? Let me know on Twitter @tradethefarm.
Trade the Farm would like to wish you and yours a very happy, healthy and prosperous new year. We look forward to continuing this and other conversations in 2014.