THE CASE FOR $3 CORN, $7 BEANS

THE CASE FOR $3 CORN, $7 BEANS

When studying corn consumption statistics, it's hard to believe we're looking at the same crop that accelerated from around $4.70/bu. to nearly $6 in the first three months of 2008. A year ago, U.S. corn was the cheapest feed grain on the planet, which led to record exports while U.S. feed...

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Veröffentlicht in:Corn and Soybean Digest 2009-03, Vol.69 (4), p.54
1. Verfasser: Maguire, Gavin
Format: Magazinearticle
Sprache:eng
Schlagworte:
Business forecasts
Commodity prices
Corn
Exports
Prices
Prices and rates
Soybean
Soybeans
US exports
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Zusammenfassung:When studying corn consumption statistics, it's hard to believe we're looking at the same crop that accelerated from around $4.70/bu. to nearly $6 in the first three months of 2008. A year ago, U.S. corn was the cheapest feed grain on the planet, which led to record exports while U.S. feeders maintained strong usage rates at home. Ethanol demand was also climbing, as gas pump prices went through the roof.
ISSN:1544-1644