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Corn could move up to the unheard level of $9-$10/bushel in 2013, says Morgan Stanley's Hussein...

Corn could move up to the unheard level of $9-$10/bushel in 2013, says Morgan Stanley's Hussein Allidina. A few weak export numbers from the U.S. has left the market complacent, he says, but supplies remain super-thin and current prices aren't high enough to ensure there will be corn around until the next crop. CORN -7.9% over the last 90 days.
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  • esmerelda777
    , contributor
    Comments (4) | Send Message
     
    Many pp thought it would go up also as a result of the drought this past summer, and hardly anything happened. Guess I'd be interested in fact-checking Hussein's statements before running out to buy corn futures - he and MS may have clients dying to sell it off.
    9 Nov 2012, 08:53 AM Reply Like
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