Managing for Profit

Corn prices fade as crop concerns ease

Corn futures prices increased about 90 cents per bushel from mid-June to mid-July. The increase was driven by a combination of a smaller-than-expected USDA estimate of June 1 stocks and production concerns stemming from record June rainfall in much of the eastern Corn Belt. But over the past couple of weeks, the corn market has given back most of those gains as production concerns have subsided.

So where do we go from here? University of Illinois ag economist Darrell Good says another rebound in prices in not likely before harvest—and he says the supply side of the market will continue to dictate prices.

AUDIO: Darrell Good

Brownfield’s Julie Harker contributed to this report.