Wednesday, June 11, 2008

'Corn Pops Past Record'

Forbes article here.

LONDON - A surge in corn prices took a bite out of food company shares Monday. Chicago corn futures rose to an all-time high in Asia, as the American grains and oilseed futures markets extended their rally from late last week on crude oil's surge to a record high of $139.12 per barrel.

Torrential rains sweeping America's midwest boosted corn prices on worries about young crops, along with a decrease in U.S. production of the crop. . . .

No comments: