As the effects of COVID-19 continue to be felt around the world, prices for commodities, and perhaps more so for corn, suggest a paradigm shift is at hand, reports Successful Farming.
If there was a reasonable expectation for corn prices to trade between $4.25 and $3.50 on the December futures in 2020 pre-coronavirus, a loss of demand and increase in acres would now suggest this 75¢ range shift downward.
New expectations could be for $3.50 to $2.75 from this point onward. The only “unless” in the foreseeable future is if weather reduces production.
