The last time the United States ended a marketing year with more than 2 billion bushels of corn was 2004-05. At that point in time the "old era" marketing-year average corn price was $2.06 per bushel. According to University of Illinois agricultural economist John Newton, while "new era" corn prices have experienced record highs, those high prices have been reduced on the back of record corn production in 2014.
- Apr. 22, 2015