Seeking Alpha

Corn prices in focus for food sellers

  • A survey from the Department of Agriculture indicates that farmers in the U.S. plan to plant the lowest acreage of corn in four years.
  • The March report on corn already indicated that supply was tighter than forecast.
  • Higher corn prices are sometimes absorbed by food sellers and restaurant chains if consumer spending trends are weak.
  • Corn futures charts
  • Related stocks: GIS, K, POST, KO, PEP, PPC, TSN, CPB, SJM
Comments (8)
  • Philip Marlowe
    , contributor
    Comments (922) | Send Message
     
    Apparently they are all planting soy beans for Chinese pigs. Global food demand will rise, we must stop using food for fuel.
    31 Mar, 02:12 PM Reply Like
  • Regarded Solutions
    , contributor
    Comments (15470) | Send Message
     
    maybe we should stop using food to eat instead? LOL
    31 Mar, 02:24 PM Reply Like
  • dancing diva
    , contributor
    Comments (2425) | Send Message
     
    You know how much the price of corn impacts the cost of a box of cereal? Next to nothing. There are 56 pounds of corn in a bushel. And a bushel is now around $5 - so about 9 cents/ pound of corn. How much corn do you think there's in a 10 oz box of cornflakes?

     

    If corn prices continue to rise it will be more bullish for DE than bearish for GIS.
    31 Mar, 04:31 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1299) | Send Message
     
    Dancing D
    You are so right but it is a good opportunity to increase cereal prices and make it stick
    31 Mar, 06:07 PM Reply Like
  • brushman5
    , contributor
    Comments (30) | Send Message
     
    Dancing Diva
    do you remember the corn picker there are 70 pounds in a bushel of ear corn.
    I picked up my share of corn at the end of the rows.
    31 Mar, 08:50 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1299) | Send Message
     
    I picked cotton
    3 Apr, 01:41 PM Reply Like
  • brushman5
    , contributor
    Comments (30) | Send Message
     
    yes I picked cotton too but only when I was working at the new madred power plant to bring back to show my niece and nephew.
    3 Apr, 07:30 PM Reply Like
  • brushman5
    , contributor
    Comments (30) | Send Message
     
    50 cent did you find your sole mate by walking the beaches.
    3 Apr, 07:43 PM Reply Like
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