Why Corn Has Surged 39%

Corn futures have been crushing it for the past month, as a number of factors have combined to push prices higher by approximately 39%. Since hitting a bottom on June 15th, Corn futures did nothing by soar until July 9th, when gains for the past month were around 45%. Though futures have cooled off in recent days (along with the weather) much of the damage has already been done. The sweltering heat wave that engulfed much of the nation dealt an especially painful blow to crop yields. In fact, the last 12 months have been the hottest period on record since the U.S. began keeping track in 1895 . See the full story here → Related Posts: No Related Posts
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