Why Corn Prices Are Still Likely to Rise in 2024
In 2020, farmers who held their crop for just one extra month saw its value more than double.
I've been doing this for 34 years, and as we analyze the current state of the corn market, several compelling factors clearly indicate that prices are set for an upward move.
Higher corn prices might seem far-fetched right now, but remember...
In 2020, farmers who held their crop for just one extra month saw its value more than double.
As we analyze the current state of the corn market, several very compelling factors indicate that prices are poised for an upward trend.
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What's inside the report
Why Corn Prices Are Still Likely to Rise in 2024
I'm going to tell you right now, with 34 years of experience, the USDA will do it again.
As we analyze the current state of the corn market, several very compelling factors indicate that prices are poised for an upward trend.
Historically, the USDA has consistently underestimated export figures, and this year appears to be no different.
Coupled with significant crop failures in Argentina and ongoing conflict in Ukraine — both of which have drastically reduced global corn supplies — the stage is set for increased demand for US corn.
We break it down in this report.
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