Finding a Bottom in the Corn Market
The 2013 United States’ corn crop started off with predictions of being the largest ever. This was primarily due to the USDA acreage report issued on June 28th that showed 97.4 million acres planted
for corn. This was the highest acreage allotted to corn since 1936 and also marked the fifth consecutive year of acreage gains for corn. This caused December corn futures (this year’s crop) to fall
9% in the next few trading sessions. Even though the market is now trading even lower than it was then, I think there are signs pointing to a bottom in …