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.

 

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