Verasun Energy (VSE)

Add a New Bulls Reason Company: Verasun Energy (VSE) Current price: Headline: (100 character max) Analysis: Cancel 100% agree 1 votes   Corn Harvest in 2008 likely to be 2nd largest ever Top Contributor: Todd Sullivan | Created when NYSE:VSE was $5.69 | Edit | History Good news for ethanol producers like ADM (ADM), Verasun (VSE) and Pacifc Ethanol (PEIX). The U.S. Department of Agriculture forecast that farmers will harvest 12.3 billion bushels of corn, up more than 570 million bushels from last month's estimate of 11.7 billion. That's down 6% from last year's record crop of 13.1 billion bushels, but 17% above the 2006 harvest. Average corn prices this year are expected to drop to $4.90 to $5.90 per bushel, down 60 cents from last month's forecast of $5.50 to $6.50. Corn prices soared to record levels near $8 after the floods, the worst to hit the Midwest in 15 years. But cooler, wetter weather since then will boost corn yields to 155 bushels per acre, up from last month's estimate of 148.4, the department said. Corn prices have already dropped to almost $5 per bushel, though that is still higher than in 2006, when a bushel cost $2. (100 character max) Cancel

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