Newsweek article By MICHAEL DUNCAN | 02 March 2015 08:30AM EDT”Farmers are saying it’s the beginning of a new era for farming.
That’s what they’re hoping, especially as the global corn harvest has been on hold, and the corn crop is likely to be the last one to reach maturity in most parts of the world.
And it’s not just farmers who are looking ahead.
“That’s when the speculation really starts to take off.””
There is a lot of speculation out there about when the next corn crop will hit the market, but what we really need to understand is that the price of corn is about to hit a record high,” says Brian Smith, director of research at the U.S.-based U.K.-based Global Agriculture Statistics Institute.
“That’s when the speculation really starts to take off.”
In 2016, the price for a bushel of corn averaged $3.25 per bushel in the U