The price of corn futures has dropped to $5.65 for the September 2008 contract, down from a high of nearly $8.00, although the July 2009 contract remains at $6.40 on the CBOT. Industry buyers have said that, because they buy corn 1-2 months ahead, they are still buying “$6 corn”, but said that prices have definitely eased. “Some of the big money is getting out,” John Ruplinger of South Dakota Wheat Growers told the Chicago Tribune. They are bailing, so we are seeing sharply lower price levels. And it looks like we’ve got some room to go lower.”
Crush spreads for corn ethanol are improving, according to the owners of Absolute Energy, who opened a 100 Mgy plant in Iowa last week. The crush spread, akin to the "crack spread" used to quickly det...
The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 0.81 percent yesterday to close at 121.75 on profit taking in ethanol. For the day, Archer Daniels Midland (ADM) fell 0...
Centre Daily reports that the cost of corn in corn flakes is 2.2 cents per box, and that the price of corn has decreased since spring 2007 by 33%. So why is Kellogg's announcing a $0.21 cent increase ...
In Illinois, a senior vice president with Memphis-based Informa said that Chicago Board of Trade corn and soybean futures prices will remain at or near all-time highs in 2008 due to continued demand p...
In Thailand, Energy Minister Piyasvasti Amranand said that biofuels sales would increase in 2008 to $469 million from $157 million in 2007. He said that the cost of oil imports have fallen 10% as a re...
Stock futures were flat this morning as US markets readied to open, as more than 15% of the S&P 500 prepares to release third quarter earnings this week.
Crude oil futures reached a record $85.19 p...
