Monday, December 01st, 2008

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Posts Tagged ‘ Corn Futures ’

Commodity Prices Sinking to 52-Year Low

Nov 3rd, 2008 | By Mike Caggeso | Category: Financial News

Commodity prices are bracing for their worst month in 52 years as global demand continues to slide. The Reuters/Jefferies CRB Index - a measure of 19 global commodities from light crude to lean hogs - fell 24% in October, Bloomberg reports.



Corn Prices Hit All-Time High

Jun 16th, 2008 | By Contrarian Profits | Category: Featured, Financial News

Corn prices surged to a record high today following flooding the Midwest.

Reuters reports that “front month July corn on the Chicago Board of Trade rose to a contract high of $7.57-3/4 a bushel, up more than 3.5 percent from Friday’s close, while July 2009 soared to an all-time peak of $8.07.”

Get ready to pay through the nose for food, says Brian Hunt in DailyWealth:

The states of Iowa and Illinois are the world capitals of corn production. Over 27 million acres there are devoted to growing corn.



Midwest Flooding Pushes Corn to New Record

Jun 13th, 2008 | By Contrarian Profits | Category: Featured, Financial News

Flooding in the Midwest and fears of crop damage caused corn prices to climb in Chicago for the eighth consecutive day — their biggest gain in 11 weeks. Prices are expected to hit $8 a bushel by next week.

Corn is in trouble because of the wet spring that has drenched the midwest,” says Justice Litle in Taipan Daily.

Yesterday, the USDA said in a report that American corn output will be down significantly from last year’s estimate.



King Corn Retakes the Throne

Jun 12th, 2008 | By Justice Litle | Category: Gold Market

Corn is in trouble because of the wet spring that has drenched the Midwest. Yesterday, the USDA said in a report that American corn output will be down significantly from last year’s estimate.



Global Investing Roundups: Thursday, June 12th, 2008

Jun 12th, 2008 | By William Patalon III | Category: International Investing

A Better Beige Book; Japan’s Daiichi Swipes Generic Drug Titan; Big Lots “Highly Motivated” to Expand; Corn Hits Another Record; Caterpillar Raises Dividend 17%; Russian Partners to Sue BP; Martha Loses CEO; Office Supply Merger.