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Corn Trading Cheapest to Gold Since 1975 Signals Bottom

An ounce of gold is worth the most bushels of corn in at least four decades, signaling the grain is “dirt cheap,” according to AgriVisor LLC.

The CHART OF THE DAY shows one ounce of gold buys more than 370 bushels of corn, the most since the data for U.S. trading begins in 1975. December futures for the grain have tumbled 28 percent this year as global farmers are set to produce a second straight record harvest. Bullion is up 1.6 percent in 2014.