“From a supply situation, yes, there is the possibility for a run at $9 or above,” said Darin Newsom, senior analyst at DTN, in the CNBC report. “It’s there because what we could be facing is one of the tightest supply situations the market has ever seen, given the ongoing drought and given the type of yields that are starting to come in in front of Friday’s USDA reports.”
Rising corn and grain prices could have negative reverberations for the global economy and the many industries that rely on corn.
“The question that ETF investors need to ask themselves at this point is whether or not the bad news on crop output has been accounted for in the current prices,” reports Gary Gordon at ETF Expert.
Teucrium Corn Fund
