You are currently browsing the Market Watch weblog archives for June, 2008.
With production estimates being scaled back, corn prices have moved sharply higher.
The USDA’s World Agricultural Outlook Board lowered its expectation of the crop’s size from 12.125 billion bushels in May to 11.735 billion in June, and extensive flooding in parts of the Midwest suggests that production potential may be declining even further.
Consumption of U.S. corn [...]
Floods in the Midwest floated corn prices to record levels on the Chicago Board of Trade for the ninth straight session today.
Corn futures for December delivery are up as much as 23 cents, or 3 percent, to $7.88 a bushel after gaining 13 percent last week. The July delivery crop was up 2.6 percent at [...]
It’s obviously a crime against humanity that this kind of financial speculation is allowed to continue. It’s one thing to have speculation on the price of widgets or car parts, but it’s another thing to have speculation in the fount of human life…. This should be a wake-up call to help us realize that food [...]
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