Corn Market Could go Higher than $8.00 a Bushel - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Corn Market Could go Higher than $8.00

Posted:

The possibility of 8 dollar corn could soon be a reality. A recent USDA report shows harvested U.S. corn acres in 2012 are actually less than anticipated.

Eugene Graner with Heartland Investor Services in Bismarck is expecting the corn price to rise to more than 8 dollars a bushel.

Graner says if the drought continues in Kansas, the price could even reach 9 dollars. 

"My model for an 8 dollar corn market by the second quarter of 2013, has now moved up to 8.50, possibly the 9 dollar region if the plains states don't catch some rain," he said. 

"You are going to take wheat out of the feed rations. All we can feed is corn that we don't have."

Graner says in the last week the corn market has jumped 55 cents.

Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.