$9 Corn Could Be a Big Problem for Economy
August 9th, 2012Via: CNBC:
Corn prices – which have already surged about 50 percent in the past two months – could go significantly higher if current trends hold up, and the effects might be felt throughout the economy.
Price momentum indicates corn could rise at least 21 percent over the next six months, putting $9.50 a bushel or even higher into play, according to a model used by the American Restaurant Association.
