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

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Comments (8)
  • Philip Marlowe
    , contributor
    Comments (1582) | 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 2014, 02:12 PM Reply Like
  • Regarded Solutions
    , contributor
    Comments (20531) | Send Message
     
    maybe we should stop using food to eat instead? LOL
    31 Mar 2014, 02:24 PM Reply Like
  • dancing diva
    , contributor
    Comments (2743) | 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 2014, 04:31 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1453) | Send Message
     
    Dancing D
    You are so right but it is a good opportunity to increase cereal prices and make it stick
    31 Mar 2014, 06:07 PM Reply Like
  • brushman5
    , contributor
    Comments (50) | 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 2014, 08:50 PM Reply Like
  • 50 cent it is
    , contributor
    Comments (1453) | Send Message
     
    I picked cotton
    3 Apr 2014, 01:41 PM Reply Like
  • brushman5
    , contributor
    Comments (50) | 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 2014, 07:30 PM Reply Like
  • brushman5
    , contributor
    Comments (50) | Send Message
     
    50 cent did you find your sole mate by walking the beaches.
    3 Apr 2014, 07:43 PM Reply Like
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