The Rise of Corn Futures

This article describes the price increase of corn and how farmers are reacting to the situation. The price of corn futures is finally above $4 to the relief of farmers who harvest the crop. This was a more delayed reaction than expected due to the fact that they have been lowering their supplies due to the surplus of corn that farmers have experienced in the recent years. The prices of corn over the past year and a half have been at an all-time low because of unexpected crop years because of good weather and ideal growing conditions. Farmers have become more firm with their prices forcing the market to comply with their demands, forcing others to pay more in order to get the crop. So far this tactic has worked as they will finally be receiving a reasonable profit from harvesting corn, which they have not seen in recent years.

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