Are Corn Prices too Low?

Of note is the continued strength in U.S. corn exports. The USDA’s upward revision today was a good reminder that while supplies are ample, demand remains robust and hence we have prices that are expected to be relatively range bound for some time. We’re keeping an eye on the global corn stocks/use ratio. Again, while there is plenty of corn, the fact is the global balance sheet continues to shrink. It’s worth keeping an eye on.The USDA reported that U.S. and global corn stocks declined, which is not bearis ...