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December Corn Contract Hits New Record

August 30, 2011

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.
 

 
 
For More Information
See full coverage of the 2011 Pro Farmer Midwest Crop Tour.
 
 
Watch more AgDay TV.
 

 

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