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Price of corn not slowing demand

With the price of corn rallying to new contract highs, for both old and new crop, traditional thinking might be that once the price gets high enough, demand will drop, but Illinois ag economist Darrel Good says as of yet, there’s still nothing to signal that the price of corn is slowing demand. Soybeans are a different story though, the University of Illinois ag economist says demand for oilseed has slowed and prices have reflected the pressure, also not helping is the potential big crop coming out of Brazil.

Audio: Darrel Good, University of Illinois (3:00 MP3)