December Corn Contract Hits New Record

August 30, 2011 05:59 AM

The data gathered at last week’s Pro Farmer Midwest Crop Tour hit the market this week, in a big way.

Pro Farmer says it expects U.S. corn to tally 148 bu./acre, 5 bushels below the last USDA estimate of 153. On Monday grain markets surged at the Chicago Board of Trade.
Corn hit a new record high for December contacts closing near $7.70 a bushel. The previous high happened back in 2008 when December prices hit $7.65. 
Listen in as Pro Farmer Editor Chip Flory describes the Tour data and its market impact.

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See full coverage of the 2011 Pro Farmer Midwest Crop Tour.
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