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Saturday, November 22nd, 2008

Posts Tagged ‘ Grain ETF ’

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.

Tags: agriculture, Agriculture ETF, Commodities ETF, corn, corn etf, Corn Futures, Corn Prices, Ethanol Prices, Grain, Grain ETF, inflation, John Mauldin, Justice Litle, Livestock ETF, recession, wheat, Wheat ETF
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