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Floods push U.S. corn prices to records

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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-16-08 10:57 AM
Original message
Floods push U.S. corn prices to records
Rain in the Midwestern United States has damaged crops and delayed plantings, heightening fears that there might not be enough corn to meet global demand for food, feed and biofuel. The fears drove the grain to a record high for the eighth trading day in a row.

http://www.iht.com/articles/2008/06/16/business/corn.php
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Catherine Vincent Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-16-08 04:13 PM
Response to Original message
1. So if you like to eat corn, stock up?
I love corn on the cob. Yum!
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Zachstar Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-16-08 04:49 PM
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2. Thats just what we need MORE price hikes.
Atleast those damn ethanol plants are being priced out, HAHA!!
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Nihil Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-17-08 07:49 AM
Response to Original message
3. DONT BELIEVE THE HYPE!!1!
Theyre is no SHORTAGE of corn, it is ALL down to SPECULATORS!"!!
Im Series!

There are TANKERS full of corn just sitting outside ports IN THE US,
waiting for the PRICE TO GO UP so thE RICH GUYs on Wall St can make a KILLING!!

Don't believe the stuff that SOME people are putting out about RESORCE LIMITS
or SHortayges - it is ALL SPECLATORS!!"

ROFL ROFL LOL








(Sorry ... seemed to be channeling someone there for a minute ... :evilgrin: )
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