With all the talk of rain and flooding for the corn belt.
When will Washington stop the ethanol mandates? Now or maybe later?!
How much higher will people pay for food and gasoline prices.
Psst, Steve, Herb and Rusty, maybe it's time to stop the ethanol mandates. Oh, I won't say anything but your voters might get a little unhappy soon. Psst, your secrets safe with me! Sush, I won't say anything about DRILL HERE, DRILL NOW and PAY LESS! Quite, Go ahead and keep the corn trollops making money!
"Corn prices jump near $8 on fears of reduced crop
By STEVENSON JACOBS – 3 hours ago
NEW YORK (AP) — Corn prices reached another record Monday, closing in on $8 a bushel, as devastating Midwest floods raised fears of a sharply smaller U.S. corn crop and another spike in world food prices.
Other commodities traded mostly higher, with gold, silver, copper and wheat futures all climbing. Crude oil surged to a record near $140 a barrel and then fell in volatile trading.
Corn prices have shot up 11 percent in the last week as floodwaters continue to ravage the Midwest, swallowing corn fields just before the crucial growing season. The U.S. government will report June 30 on how many acres have been lost to flooding, but a survey in Farm Futures magazine estimated that flooding could claim 3.3 million acres — or nearly 4 percent of the expected crop.
"We're not going to have a bumper crop this year because of all these losses," said Vic Lespinasse, a grains trader and analyst for Grainanalyst.com." The Associated Press: Corn prices jump near $8 on fears of reduced crop
When will Washington stop the ethanol mandates? Now or maybe later?!
How much higher will people pay for food and gasoline prices.
Psst, Steve, Herb and Rusty, maybe it's time to stop the ethanol mandates. Oh, I won't say anything but your voters might get a little unhappy soon. Psst, your secrets safe with me! Sush, I won't say anything about DRILL HERE, DRILL NOW and PAY LESS! Quite, Go ahead and keep the corn trollops making money!
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