U.S. corn falls 1.5 pct as oil retreats

                   
reuters.com     Jul 23, 2008            

SEOUL (Reuters) - U.S. corn futures fell 1.5 percent in early Asian trade on Wednesday, extending overnight losses of 3 percent, as oil prices slipped to $20 below an all-time high hit two weeks ago, cooling demand for biofuel feedstocks. Favorable weather conditions also continued to pressure the grain market. By 10:45 p.m. EDT, September corn contract dropped 1.4 percent to $5.66-¼ a bushel, after falling to as low as $5.64-1/2. The spot contract has tumbled by more than a quarter after hitting record highs in late June. "Weaker oil and a stronger dollar are driving some speculative trading out of the grain markets," said a trader at Woori Futures. Crude was trading at around $128.04 a barrel after having closed on Tuesday at its lowest since early June partly on fears about waning U.S. demand and the threat of Tropical... [read full story]                    

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Food Futures: Corn tumbles 3% to end at lowest in three months

marketwatch.com     Jul 21, 2008          

SAN FRANCISCO (MarketWatch) -- Corn futures tumbled more than 3% Monday to close at their lowest in nearly three months, continuing the agricultural commodity's steep slide that has left corn with a nearly 20% loss this month....                    

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Corn sinks to 7-month low on robust Midwest crops

iht.com     Jul 21, 2008          

Corn prices sank to a seven-week low Monday as crops continued their rebound from last month's flooding, promising some relief at the grocery store for consumers who had faced higher prices for meat, dairy and other foods.                    

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Corn sinks to 7-month low on robust Midwest crops

centredaily.com     Jul 21, 2008          

Corn prices sank to a seven-week low Monday as crops extended their rebound from last month's flooding, promising some relief at the grocery store for consumers who had faced higher prices for meat, dairy and other foods.                    

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Summary box: Corn hits 7-week low on better crops

ibtimes.com     Jul 21, 2008          

CORN HITS 7-WEEK LOW: Corn prices fell to their lowest since late May, as more warm, dry weather in Midwest boosted expectations that crops will recover from devastating flooding last month. PREVIOUS RALLY WIPED OUT: Corn has...                    

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Price of corn expected to send grocery prices upward

ksl.com     Jul 22, 2008          

Prices at the grocery store won't be going down any time soon. There's the cost of fuel, a weak dollar, and then there's the price of corn, which grocery manufacturer Scott Saber says is going to push our food bills skyward....                    

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Food Futures: Corn sinks to the lowest in over three months

marketwatch.com     Jul 22, 2008          

Corn sinks to the lowest in more than three months Corn falls below $6; EPA decision on ethanol mandate due Wednesday SAN FRANCISCO (MarketWatch) - Corn futures fell for a third day Tuesday, dropping to the lowest in more than...                    

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Food Futures: Corn falls below $6 a bushel, sinking to seven-week low

marketwatch.com     Jul 22, 2008          

Corn tumbles to more than seven-week low Futures fall below $6; EPA delays decision on ethanol mandate to August SAN FRANCISCO (MarketWatch) -- Corn futures fell for a third day Tuesday, dropping to the lowest in more than...                    

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Corn Market Remains Unstable

keloland.com     Jul 23, 2008          

We all know that the price of food is going up, and that's due to the rising price of crops, like corn. Farmers are getting a higher price for their product, and that may sound like good news for them, but it turns out it can...                    

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Corn price swoons as sun shines

startribune.com     Jul 23, 2008          

Corn price swoons as sun shines Corn prices have fallen $1.96 per bushel, or 24.9 percent, since reaching their 52-week high last month. Why? The nation's corn harvest looks promising because of five weeks of good weather. That...                    

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Up, Down, Up, Down, Down, Down, Will The Market Turn Around?

uiuc.edu     Jul 22, 2008          

The wisdom of Sir Isaac Newton has manifested itself in the grain markets over the past several days. While Good says corn prices have dropped more than 20%, beans are down about 15%. However, the weaker corn price has allowed...                    

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