See how high corn has been after being adjusted for the CPI, as well as a more realistic version of the CPI, which beginning in 1988 adds an additional 2% to the annual price inflation rate – to account for the BLS’s methodology changes that were designed to understate price inflation in order to keep Social Security COLA increases as low as possible.
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There is a Teucrium ETF that owns corn futures contracts and it trades under the symbol CORN.
The all time high nominal corn price is $834 per bushel, reached on August 22, 2012.
The CBOE just lowered initial corn margin requirements by 14.3% to $2,025 per contract, down from their previous level of $2,363 per contract.
Each corn futures contract represents 5,000 bushels of corn.
Corn reached an all time high adjusted for price inflation on 7/20/73 of $3,433.90 and at its 6/20/14 closing price of $453.25 corn is 86.8% below it.
Please Spread the Word about NIA, Inflation, and Corn to your Friends and Family Members