Continued rain in the soaked Midwest grain-growing regions of the United States continues to put additional upward pressure on corn and other grain prices. Corn is just one penny shy of $8 on the December '08 contract (the most liquid). Soybeans prices are also less than 50 cents from new all-time record high prices on the November '08 contract. The grain bull is running again!Friday, June 27, 2008
Corn: A Hair's Breadth From $8
Continued rain in the soaked Midwest grain-growing regions of the United States continues to put additional upward pressure on corn and other grain prices. Corn is just one penny shy of $8 on the December '08 contract (the most liquid). Soybeans prices are also less than 50 cents from new all-time record high prices on the November '08 contract. The grain bull is running again!
