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Commodities Briefing - Categorized | Agriculture, Commodity Crisis, Market Moves more

Commodity prices, credit crisis pin drove many agriculture stocks

Posted on 03 October 2008

From Chicagotribune.com: Falling commodity prices, combined with new fears that the credit crisis will hurt U.S. farmers, drove many agriculture-related stocks including those of Chicago-area companies –sharply lower.

Soaring grain prices sent the shares of seed-makers, agricultural-chemical producers, farm-equipment manufacturers and other ag-related companies sharply higher in the first half of 2008. But the once-sky high price for corn and other grains has weakened dramatically since peaking in July. Now, as investors are fretting that farmers may find it difficult to obtain crucial loans, the sector could be hit hard next spring…… Full Article: Source


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VRS - who has written 37608 posts on Opalesque Commodities Briefing.


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