Corn Continues Bullish Push

Today's biggest stories surrounding the sector:

- Corn continued its push into uncharted territory today as March corn on the CBOT settled 9.4 cents higher to $5.55 per bushel. The rise was due to spillover support from soybeans, crude oil, silver and gold. The cost for corn has recently become a much greater problem for ethanol producers as VeraSun - at its Aurora plant - bought its corn today for a frightening $5.33 per bushel. Ethanol futures, however, managed to overshadow the record-setting gain by climbing 4.1 cents to $2.401 per gallon (Remember: 1 gallon of ethanol = 2.8 bushels of corn).


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 Email (will not be published)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.