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Throughout much of the 1980’s one of the largest consumers for these commodities was exporting to other countries, another large consumer was to use it as a supply for feed for livestock. The average price of corn paid to farmers in 1980 was $3.11 per bushel, and in 2005 the average price was $3.50, this was after many years of much lower prices. (Mitchell)
The corn market has been considered a stable market because of the predictable small increases through the years. Today’s current market price for corn is up to about $5.70 a bushel, why the huge jump after 25 plus years of stable prices? Is there a shortage for this precious commodity we know as corn? In the past few year crop productions have been reaching record highs and more farmers are plating Corn than ever before, in 2007 farmers harvested an estimated 85...
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