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Bottomless Pit for Corn Prices

Producers haven't seen the bottom of the market yet

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Corn prices continue to plummet, and a University of Illinois ag economist says he doesn’t think farmers have seen the bottom of the market yet.

Gary Schnitkey tells Brownfield he published an analysis for the National Corn Growers Association that shows cash corn prices have declined by 16% on average since March 1st as a result of COVID-19.

He says the price per bushel fell even more in Nebraska and the Dakotas and other areas that serve ethanol.

Read the full report here.

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