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NW Indiana | So according to our government inflation is up 20.8% since the start of covid. If you just took today's futures price and adjust it for inflation just during that timeframe that makes corn 3.12 and 7.90 on the board. So yes I understand that grain prices and inflation don't track hand and hand but in that short of a period there should be a strong correlation. The cost of living is up that much, machinery, labor, inputs and so much more that make these current prices as cheap as we have seen since pre ethanol boom. Just a little perspective of where we are price wise with the market expecting a monster crop. | |
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3.12 corn and 7.90 beans
