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Prospective Size of the 2013 U.S. Corn Crop

2013-01-22 22:04:00| Corn & Soybean Digest

Source: University of Illinois The drought-reduced U.S. corn crop of 2012 suggested that corn prices might behave in a pattern generally described as short crops have long tails, says Darrel Good, a University of Illinois agricultural economist. This phrase depicts the expectation of rapidly rising prices that peak near harvest time, decline in an unspecified pattern over the next several months, and return to pre-drought levels as early as the following marketing year. The decline in prices is expected as a result of a slowdown in consumption and a return to normal production. read more

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