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Corn soars 3% as the USDA announces stocks at just 988M bushels, the low end of the expected...

Corn soars 3% as the USDA announces stocks at just 988M bushels, the low end of the expected range. Prior to the report, corn had tumbled about $1/bushel over the past month. Wheat stocks also came in low, suggesting greater-than-expected feed use for both grains. Bean stocks beat expectations after the USDA "finds" another 38M bushels from last year's crop. Wheat +2%, Beans flat.
Comments (1)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Inflation.....meat products are going up...25%...that is food..inflation....this takes consumers disposable income....less Iphones....
    28 Sep 2012, 09:05 AM Reply Like
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