Wednesday, 2 March 2011

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Corn reaches 2 1/2 year high on supply fears

  • Wednesday, 2 March 2011
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  • Supply concerns shoved U.S. corn futures to highs not seen since mid-2008 Tuesday. Nearby corn for March delivery rose 4 3/4 cents, or 0.7%, to $7.27 1/4 a bushel at the Chicago Board of Trade, the highest close for a front-month contract since July 3, 2008. Corn for May delivery, the most-active contract, gained 4 1/2 cents, or 0.6%, to $7.35 1/2. Futures could continue rising as users of the



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