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KonradimielinskiUser
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The world's most heavily traded sugar futures contract, Sugar No. 11 on the ICE, rose Tuesday 4.6% to 13.72 cents per pound after UNICA reported that Brazil will use more sugarcane than expected for ethanol production as crude oil continues its push into uncharted territory. This is the highest Sugar No. 11 has been in nearly four months. UNICA reported... read more
Posted on 09:17, July 1, 2008
Add "bad weather" to the already lengthy list of problems corn-ethanol needs to overcome. Heavy rains, severe winds, and tornadoes throughout the Midwest has propelled corn into uncharted territory. July corn on the CBOT rose 28.6 cents Thursday to settle at an all time high of $6.43 1/4 a bushel. Farmers are saying this is the worst weather they have seen... read more
Posted on 16:52, June 5, 2008
July corn on the CBOT rose 16.4 cents today to settle at $6.15 a bushel. The Reasoning: - A "wet May" in the corn belt has taken a substantial toll on the crop. In the first crop progress report of the year, the USDA revealed that only 63 percent of the corn crop is in good to excellent condition, compared with 78 percent a year ago. More farmers than usual are currently deciding... read more
Posted on 10:51, June 2, 2008
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