January 12, 2010

PAGING DR. MALTHUS...:

Agriculture futures tumble amid record crop report (AP, 1/12/10)

Agriculture futures plummeted in early trading Tuesday on the Chicago Board of Trade as the Agriculture Department said it expected a record corn corp and grain yields. Soybean production was also the largest on record.

The increase in production of grains, corn and soybeans, higher than the government had estimated in November, sent prices tumbling on expectations of higher supplies.

Posted by Orrin Judd at January 12, 2010 3:33 PM
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