Corn prices rose this week, despite the ongoing record-large harvest and large carry-over from last years’ crop. The market gained as strong domestic demand and big buying from foreign countries have helped cut into supplies, giving hope that farmers can avoid the disastrously low prices seen back in August.
Since then, prices have risen from $3.15 to Friday’s level of $3.53 per bushel.
As farmers near the end of the corn harvest, they now can rest a little easier, knowing that this year’s hard work is worth a bit more money.