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2012 May Be Off to a Volatile Start for Corn

The corn market might be volatile into early 2012, as it could shift from being in a very tight stocks situation in 2011 to one where a surge in global feed grain and US corn production sparks a sharp increase in available supply. May 2012 corn experienced a strong bull trend this past summer, rallying from 400 on June 30 to 793 on August 30th.

Following that peak, the market set back to 584½ by December 15th, as it priced in a poor global economic outlook and expectation for expanding feed grain production in South America in early 2012 and in the US the next summer.