A lot of volatility has been occurring in the commodity markets during the last couple of months. While priced at about $4 per bushel at the beginning of November, today’s price in the futures market for corn grain for March 2021 is surpassing $5 per bushel (25% more expensive). Similarly, while priced at about $360 per ton at the beginning of November, today’s price in the futures market for soybean meal for March 2021 is about $424 per ton (roughly 18% more expensive).
