Speaking at the AgCountry Farm Credit Services Ag Focus Conference, AgMarket.net co-founder Matt Bennett said there is a chance for December corn to top $5 per bushel. Bennett is also cautious. “If you get a rally, but the safrinha crop is good enough and then you come in here with 91 million or 93 million acre corn crop, what do you think the price of corn is going to be next October? I’ve got a real fear that we could be looking at sub-$4 corn. It’s possible. If you tell me $4.70 (per bushel) doesn’t work very well, how does $4 work?”
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