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Wednesday, November 29, 2006

Corn Rally --- Too Much Too Soon?

Corn Rally --- Too Much Too Soon? Grain futures are called lower across the board this morning, as $4 a bushel corn is out of reach for now. Cash prices for corn are deeply discounted to futures across the nation. The market fury surrounding ethanol and alternative biofuels may have reached a climax, as Acher Daniels Midland (NYSE: ADM) shares lost .88% on volume nearly double the average on ideas that lower prices at the pump may tame corn-based ethanol growth. Read More.....