Too much of a good thing: price of corn doesn't pop


The price of corn has plunged to the lowest level since 2010.

The Star Tribune reports that the supply-and-demand economics of agriculture mean that this year's good weather has made corn plentiful, which has driven prices down. Corn declined to a 34-month low Monday, according to Bloomberg News, which reports that farmers are on target to harvest a record 13.95 billion bushels, 29 percent more than last year.

Corn futures for December delivery fell 0.7 percent to settle at $4.61 per bushel on the Chicago Board of Trade. A Minnesota farmer’s cost of producing a bushel of corn rose from $3.36 in 2010 to $4.52 in 2012, according to the University of Minnesota’s Center for Farm Financial Management.

Agriculture has been a big bright spot for the Minnesota and Midwest economy in the past few years. Minnesota farmers posted their best year in decades in 2012, with median incomes surging 50 percent over 2011, according to a report from University of Minnesota Extension and Minnesota State Colleges and Universities (MnSCU).

There's concern that farmers may have taken on debt for land and equipment during boom times and may have difficulty covering those costs with this year's leaner outlook.

Next Up

Screen Shot 2021-04-10 at 1.53.51 PM

Police looking for 'person of interest' in connection to woman's killing

The public is advised to avoid approaching him and to call 911.

covid, vaccine

Here is Minnesota's COVID-19 update for Saturday, April 10

Cases and hospitalizations have been on the rise in Minnesota.

Gabe Kalscheur

Gabe Kalscheur announces he's transferring to Iowa State

The former Gopher guard entered the transfer portal last month.


Asked about restrictions, Walz says Minnesota is in a 'hold pattern'

Meanwhile, the governor of Michigan is urging people to stay home to slow the spread.

walz and zapko

Watch: Beloved MN sign language interpreter profiled on Today Show

Nic Zapka's work made her an internet celebrity last year.

White Bear Lake Area High School

White Bear Lake students hold walkout over racist social media comments

School officials are investigating the anonymous Instagram account.

Screen Shot 2021-04-09 at 4.48.00 PM

Hennepin Co. medical examiner: Police interaction tipped Floyd 'over the edge'

Medical Examiner Dr. Andrew Baker, who performed Floyd's autopsy, testified Friday in the trial of former MPD officer Derek Chauvin.


Attention, CNN: There will be extra tornado sirens in Minnesota next week

The national broadcaster was caught by surprise by the test this past Wednesday.

Screen Shot 2021-04-09 at 11.41.46 AM

Minneapolis Parks and Rec buys land to create park in North Loop

The Parks and Recreation Board is paying just over $2M for the land.