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Corn futures for July delivery climbed 4% to $7.7525 a bushel yesterday, increasing the...

Corn futures for July delivery climbed 4% to $7.7525 a bushel yesterday, increasing the drought-induced surge of the last three weeks to 29% and bringing the price close to the all-time record of $7.9975. With little rainfall expected in the corn belt in the next two weeks, the gains could continue and soon start affecting food prices.
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Comments (2)
  • mudcreek
    , contributor
    Comments (2) | Send Message
     
    What many people do not realize is that the corn crop damage has already been done,any improvement to the damaged corn crop is not reverseable at this stage. Hot weather and lack of rain has greatly reduced the ability of the corn plant corn plant to properly pollinate and for the plant to produce a corn ear that can be economically harvested.
    10 Jul 2012, 08:40 AM Reply Like
  • irish_bob
    , contributor
    Comments (524) | Send Message
     
    corn is still slightly off a yearly high yet the drought conditions are the worst in decades , bit to climb yet

     

    btw , while (CORN) teucrium fund is a good way to track prices for the cereal , the managment fees are very high , an identical fund is available on the LSE with half the costs
    10 Jul 2012, 10:03 AM Reply Like
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