Following the release of the USDA Crop Report this morning, corn briefly set a new record high price before back off somewhat. The price of corn remains in record territory, however, with a previously-set record closing high price of 579 4/8 set on Mar 11th for the May 08 contract.
Wheat has again reached its daily lock limit down price, where it remains. However, the ask pool is relatively small.
Monday, March 31, 2008
Corn Sets New Record High Price Today
