Source: Darrel Good, UNIV. OF ILLINOIS, 10/31/16

The monthly average price of corn received by U.S. producers has been less than $4.00 per bushel for 27 consecutive months and prices below $4.00 are expected to persist well into 2017. Even with reductions in the cost of producing corn, prices remain below levels that would result in positive returns for many producers. Some combination of a reduction in corn supplies and increased consumption will be required in order for prices to move above $4.00 per bushel for an extended time.

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