CO2-induced crop failure update: Corn prices dove to a five-year low this week, driven lower by heavy supplies of the grain

The Futures File: Big crops get bigger - McAlester News-Capital: News

Corn prices dove to a five-year low this week, driven lower by heavy supplies of the grain. On Tuesday, the USDA released its quarterly grain stockpile report, showing a whopping 1.236 billion bushels of corn leftover from last year. Meanwhile, as farmers begin harvesting this year’s crop, conditions are better than had been anticipated, indicating that this year’s record-breaking crop is likely larger than previously thought, seemingly confirming an old trader’s adage “big crops get bigger, small crops get smaller.”