Corn has reached a new all-time record high today over $6.40/bushel. As expected, corn and soybeans have begun what may be a new bull market, largely due to weather-related growing conditions. Cool, wet weather is to blame. Food prices will probably rise as a result. Perhaps even shortages could be on the horizon.Thursday, June 5, 2008
New Record High for Corn
Corn has reached a new all-time record high today over $6.40/bushel. As expected, corn and soybeans have begun what may be a new bull market, largely due to weather-related growing conditions. Cool, wet weather is to blame. Food prices will probably rise as a result. Perhaps even shortages could be on the horizon.
