Corn Price Could See Further 25% Downside

corn price

Michael Phelps is a good icon for Corn Flakes and an even better representation of what is going on in US these days – we are swimming in corn!  It will only get worse once harvest comes.  What does that mean for the corn price that has already collapsed over $1.00/bu since mid-June

Using historical analysis, 2016 corn futures prices as of 8/19 still remain pricey despite huge decline over July/August.  Assuming the USDA August WASDE ending stock levels, the stock/trend use would be burdensomely high, suggesting further pressure on prices.  For the full story and the analysis approach, read on…