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Corn Ripe For The Picking – US-FOREX.US
Grain prices lost ground on Thursday as the market continued to absorb Tuesday’s acreage report from the U.S. Department of Agriculture, which showed an increase in corn plantings. A bountiful corn harvest would be a much-needed boon for food, ethanol and fertilizer companies that have swallowed increasing input costs resulting from high corn prices. Wet… »
Corn Is King Says USDA – US-FOREX.US
A bearish report from the U.S. Department of Agriculture buried crop prices on Tuesday as the market absorbed higher-than-anticipated planting acreage for corn and soybeans. Wet weather didn’t appear to negatively impact corn planting as much as the market had expected. The USDA’s 2009 forecast of 87.0 million acres puts the new crop at the… »