1. Corn, in a number of its various forms, remains my market of choice when it comes to long-term investments.

2. Recently the discussion has turned to if the corn market(s) are undervalued meaning a potential buying opportunity.

3. Fundamentally, the National Corn Index has fallen into the lower 20% of its price distribution range, providing us different types of investment information.

As I’ve discussed numerous times, my market of choice when it comes to long-term investments is Corn. Why? The three key reasons are:

• Based on Peter Lynch’s advice to invest in what you know. Since moving to the US Corn Belt more than 20 years ago, I’ve spent more time analyzing and writing about the corn market than any other.

• It makes sense. Regardless of what type of analysis we put it through – technical, fundamental, algorithm – the corn market usually makes sense. Yes, I have to say usually because as the Vodka Vacuity tells us, there are no Absolutes in markets. Still, King Corn tends to follow its fundamentals, trends, seasonality, price distribution, etc. as well as any other market I’ve looked at.

• It isn’t nuts. Again, usually. Just as some traders prefer bonds over equities, I like corn more than soybeans, wheat, cattle, and the rest of the commodity complex. While volatility can and will rise and fall, this provides opportunity rather than ulcers, as is the case in the wheat sub-sector, natural gas, and others.

In my previous piece for Barchart I talked about the long-term position in the Teucrium CORN ETF (CORN). However, if I’m a long-term investor interested in the futures market, I’d have a position in a December corn futures contract-only fund. As July ended, this fund would’ve resembled a contortionist, in a number of theoretical positions, some of them looking uncomfortable. To recap:

As we get rolling in August 2025, the corn market remains under pressure. Overnight through early Monday morning (August 4) saw Dec25 dip to a low of $4.0850, 1.0 cent off its new contract low posted in mid-July and still above the August 2024 mark on the continuous monthly chart of $3.8550. Recently, I’ve heard the discussion of the corn market being undervalued meaning it could soon find renewed buying interest from both commercial and noncommercial (fund, speculative, investment, etc.) traders. To add to this debate, let’s look at corn’s intrinsic value – the National Corn Index.