Saturday, November 22nd, 2008

Posts Tagged ‘ Grain ’

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.



Food Crisis: UN Says Output Must Rise 50% by 2030

Jun 4th, 2008 | By Contrarian Profits | Category: Featured, Financial News

At a summit in Rome held by the UN’s Food and Agriculture Organization, UN Secretary General Ban Ki-moon said world food output needs to rise 50% by 2030 in order for the growing population to be fed.

Soaring prices of grains, dairy and meat have been grabbing global headlines,” says Jennifer Yousfi in Money Morning, “but other commodities have been on the rise as well.