A bottomless pit for corn prices

A bottomless pit for corn prices

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.

“If we look at cash prices since the beginning of the year, from January and February, and then look at it through April 15th, on average across the nation prices fell 60 cents per bushel.”

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

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