This Just In…There’s Too Much Damn Corn! Futures Get Trashed

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This Just In…There’s Too Much Damn Corn! Futures Get Trashed

Corn futures are getting absolutely trashed this morning…along with basically everything else in the commodities sector. July futures are down nearly 8% as I write, as the USDA just reported that corn stocks are up 6% from a month earlier. Obviously the market does not like this supply news, and corn is being heavily discounted […]

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Corn Demand Projected to Outpace Supply This Year

The LA Times reports that corn supplies are tightening, with supply/demand projected to be “upside down” this year: This year’s harvest is expected to yield 11.9 billion bushels, down 155 million from last month’s projection. The decline is due to soggy weather in such corn-producing states as Illinois, where farmers have delayed planting. Total use […]

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