An ag economist sees some potential for a post-harvest rally in corn prices, but certain things must happen first. Todd Hubbs with the University of Illinois says, “I think we’re going to need to see a pretty good drop back in corn production in this crop because we’ve got off to a pretty weak start, particularly in ethanol crush and exports.”
Hubbs says central Illinois corn prices were in the $3.80’s with some locations offering above $4.00 for fall delivery last week, but he says a strong rally depends on the ability of supply issues to overwhelm demand weakness.
