Volatile Corn Market

Posted:

By Sarah Gustin, News Reporter - email

One market many farmers are keeping an eye on is the corn market.

Bryan Doherty is a senior marketing advisor for the commodity consulting company Stewart-Peterson.

Doherty says there's a chance the price for corn could climb to 12 dollars or fall to 4 dollars a bushel.

He says demand is strong and supplies are tight, but the weather will be the deciding factor.

(Bryan Doherty / Stewart-Peterson) "We are seeing a resurgence of middle class in the world that hasn't been. So the demand for feed and fuel is huge. As the need arises, the market is going to see bigger and faster volatility and weather is going to be one of those things just as it was last year that can really make that snap in a hurry."

2012 is the 2nd consecutive year U.S. corn production has been less than expected.

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