Today's Corn Review

December corn on the CBOT shot up 10.4 cents today to $3.85 per bushel due to record-high oil prices. Oil futures closed at $96.70 per barrel after bombings in Afghanistan and an attack on a Yemeni oil pipeline. As a result, ethanol producer's suffered:

Plant Name (Company)
Yesterday's Corn Bid  Today's Corn Bid
 Aurora Plant (Verasun)
 $3.41 $3.52
 Fort Dodge Plant (Verasun)
 $3.51 $3.62
 Charles City Plant (Verasun)
 $3.51 $3.62
 Iowa Falls Plant (Hawkeye)
 $3.49 $3.60
 Fairbanks Plant (Hawkeye)
 $3.53 $3.64
 Iroquois Plant (Iroquois Bio-Energy)
 $3.50 $3.61
 Redfield Plant (Redfield Energy)
 $3.36 $3.46
 Glacial Plant (Glacial Lakes Energy)
 $3.37 $3.48

Crude-oil may hit $100 within days as tomorrow's U.S. crude oil inventory report will be the deciding factor. Crude supplies is forecast to have fallen last week by 1.6 million barrels.


What did you think of this article?

  • No trackbacks exist for this entry.
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)


 Email (will not be published)


Your comment is 0 characters limited to 3000 characters.