Question 2: Conduct a supply and demand analysis for corn.

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Question 2: Conduct a supply and demand analysis for corn.

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• The current corn price is $3.50 per bushel.
• Draw a supply and demand graph which adequately represents what is happening to the world (global) corn price. You should be able to figure the current corn price per bushel and the previous corn price per bushel. Be sure those prices are correctly shown on the graph. The article does not tell you the quantity traded, but you can still title your X axis correctly.
• Briefly explain any shifts in supply and/or demand which caused the corn price to change.
• Use the following article. Do not use any other information in your analysis.