Barron's: Corn Crops May Not Be Bountiful This Fall. Corn Prices Are Rising.

By SIMON CONSTABLE

Corn prices look set to rise over the next few weeks as extreme weather and agricultural pests put a dent in the harvest of the world’s two largest producers of the grain.

“Our estimate is that the corn price reaches $3.80 plus or minus 20 cents in the fall,” says Shawn Hackett, president of Boca Raton-based Hackett Financial Advisors.

In other words, corn prices could easily reach $4 a bushel, or about 24% higher than recent prices of around $3.22. Read more here.