This year’s corn crop is being planted much later than normal because of cool, wet weather in the Corn Belt and other production areas, according to a Reuter’s story today. The slow planting has caused a jump in corn futures:
Corn futures at the Chicago Board of Trade surged as much as 4 percent on Tuesday, with an all-time high of $6.60-3/4 a bushel set by the July 2009 contract.
According to the U.S. Department of Agriculture’s weekly agriculture summary, the pace of…
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