09.12.2008 - Corn heads for zero
From Hardassetsinvestor.com: Corn fell below $3 on Friday, closing at $2.935, the lowest price in two years. That's a slide of 61% since hitting this year's high of $7.625 this summer. Unsurprisingly, weak demand is the primary reason cited for the decline in corn prices, and analysts aren't optimistic that demand is going to turn around any time soon. What happens if corn prices continue to fall? Do farmers plant corn next year? At some point, the cost of seed, fertilizer, labor and fuel may well push right up against what farmers can expect to sell the crop for..... Full Article: Source
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