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Tightest Corn Crop Since ‘74 as Goldman Sees Rally
Three consecutive years of smaller U.S. corn harvests are driving inventories of the world’s most- consumed grain to a 39-year low and spurring Goldman Sachs Group Inc. to predict that prices will rise near record highs.
Global stockpiles will drop 11 percent to 117.61 million metric tons by Oct. 1, or 13.6 percent of what will be used for food, ethanol and livestock feed, the lowest ratio since 1974, the U.S. Department of Agriculture said today in a report.
http://www.bloomberg.com/news/2012-12-11/tightest-corn-crop-since-74-as-goldman-sees-rally-commodities.html
Global stockpiles will drop 11 percent to 117.61 million metric tons by Oct. 1, or 13.6 percent of what will be used for food, ethanol and livestock feed, the lowest ratio since 1974, the U.S. Department of Agriculture said today in a report.
http://www.bloomberg.com/news/2012-12-11/tightest-corn-crop-since-74-as-goldman-sees-rally-commodities.html
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
Another ethanol use.
