​Big US Corn Crop Pressures Chicago Prices To Four-Year-Low Amid Severe Farm Income Downturn – Tyler Durden

Big US Corn Crop Pressures Chicago Prices To Four-Year-Low Amid Severe Farm Income Downturn Corn prices in Chicago slid to a four-year low on Monday following a bearish crop yield outlook that forecasted record highs for the US by the end of the harvest season. While this is favorable news for consumers, it spells continued disaster for farmers, whose incomes are expected to plummet this year due to declining agricultural prices and rising expenses.  The Pro Farmer Crop Tour projected a record corn yield of 181 bushels on average per acre nationwide. If this forecast comes to fruition, then this would be a…  — Continue at ZeroHedge News : Read More