Corn Supply A Burden To Prices

The USDA’s Crop Production report released on November 9 reported an unexpectedly large corn yield increase for the 2017 crop. Corn prices suffered a moderate decline following the report release considering the magnitude of the yield increase. However, University of Illinois Commodity Markets Specialist Todd Hubbs says corn prices will struggle to find support due to the ample supply available during the 2017-18 marketing year
.