Why did the corn prices go down?
Corn prices fluctuate largely as a result of changes in corn supplies and consumer demand for this important commodity. As with any other product the interplay of production and demand set the price. Corn is particularly volatile being an agricultural product.SupplyThe available supply of corn impacts the price more significantly than virtually any other factor. The more corn farmers produce, the lower the price tends to be, unless demand rises more than supplies do.SeasonBecause corn is not being harvested year round, greater supplies are available in late summer and fall than at other times of the year. On the world market, both the northern and southern hemisphere harvests cause abrupt increases in the supply of corn on hand and often a subsequent decline in corn prices.WeatherToo much or too little rain, heat, cold and other weather factors can impact the productivity of corn fields, which will impact harvests and therefore the supply and quality of the corn harvested. The effect o
