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Short corn crop, long price tail - Are we there yet?

Tuesday, August 06, 2013   (0 Comments)
Posted by: Janice Kim
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http://www.porknetwork.com/e-newsletters/pork-daily/Short-corn-crop-long-price-tail---Are-we-there-yet-218393701.html

Pork Network

The drought-reduced U.S. corn crop of 2012 created expectations that corn prices would follow a "short crop, long tail" price pattern characterized by a price peak early in the marketing year, followed by an unpredictable pattern of declining prices and a return to pre-drought price levels. With a short crop, high prices early in the marketing year signal the necessity to reduce consumption, with subsequent price declines reflecting the reduced rate of consumption and eventually a return to more abundant U.S. and world supplies…


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