Todd's Take

Why Corn's Low Should Be Near

Todd Hultman
By  Todd Hultman , DTN Lead Analyst
Connect with Todd:
@ToddHultman1
The chart shows a history of December corn prices divided by the previous year's cost of production, excluding land. As of Monday, September 8, December corn closed at $3.48 1/4, 8% above last year's cost of production which is a historically cheap value, even with a record harvest anticipated.
The chart shows a history of December corn prices divided by the previous year's cost of production, excluding land. As of Monday, September 8, December corn closed at $3.48 1/4, 8% above last year's cost of production which is a historically cheap value, even with a record harvest anticipated.
Corn is headed for a record harvest, but prices should be getting close to their lows.

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Todd Hultman

Todd Hultman
About the Author
Connect with Todd:
@ToddHultman1