But, for our money, corn—or maize, if you like—takes the crown as the worst investment of 2013.
The end of 2013 finds corn down 39% from where it was a year ago, hovering around $4.23 a bushel on the Chicago Board of Trade.
That’s the steepest one-year decline on records that stretch back to 1960.
Why? Excess supply.
A mammoth crop this year from the US—the world’s largest corn producer—produced just shy of 14 billion bushels, eclipsing the previous record set in 2009.