Corn Is Getting Creamed

Corn futures continued their massive sell off today as Goldman Sachs cut its price forecast a full dollar, to $6.50 per bushel from $7.50, Reuters reported.

They were down as much as 8 per cent Monday to $6.40, hitting lows not seen since last June.  

Here’s the chart:

Investing.comA bearish USDA report Thursday saying corn stocks had come in higher than expected kicked off the collapse.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.