Corn prices have slumped about 20 percent this year and in a piece I wrote for InvestorPlace, I analyzed what this means for Archer Daniels Midland (NYSE:ADM), Tyson (NYSE:TSN), Hormel (NYSE:HRL), Dean Foods (NYSE:DF), Domino’s (NYSE:DPZ) and Papa John’s (NYSE:PZZA).
From the story:
The U.S. is in the midst of one of its best crops in years. There’s so much corn that according to Bloomberg News, stockpiles of the grain are growing at their fastest rate in nine years. The U.S. Department of Agriculture recently raised its forecast for the corn crop to 14.03 billion bushels, an increase from the 13.86 billion bushels forecast in July. The 2013 harvest was 13.93 billion bushels.