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Teucrium Corn ETF Message Board

  • ardms ardms Jul 18, 2014 1:51 PM Flag

    Reminds Me of Coffee...

    dropping to $1 a pound before a big bounce due to weather in Brazil. We apparently are going to finally get a huge crop of corn this year. The thing is, they talk about the price being below the cost of production now, which some claim to be $4.50 but let's just say $4. Does this mean far less production next year if prices remain in a funk (even if weather doesn't cut yields)?

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    • I don't think it will effect production as long as soybeans and wheat keep going down in price along with the corn. A few may diversify into alfalfa, but probably not many. Farmers will just have to look for different revenue streams and sell their crops at a loss, like they had to do all through the 1970s - 90s

 
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