Commodities Watch

Corn prices bounced around this week as forecasts for dry weather in the Midwest raised questions over this year's corn harvest. While the expectation is this year's harvest will be one for the record books, we won't know the final outcome until the crop is harvested. So far, however, corn prices were down more than 16% at the end of July from the July 2012 peak of $332.95 per metric tonne. That's a far better direction than they were headed July 2010-April 2011 and again from December 2011-July 2012. In both periods, corn prices jumped significantly. 

Corn is used in far more items than you might think and the recent fall off in prices would suggest potentially more favorable input prices in the coming months. This could help make year-over-year earnings comparisons better at companies such as Kellogg (K), Post (POST), General Mills (GIS), Tyson Foods (TSN), Coca-Cola (KO), PepsiCo (PEP) and others that are large corn consumers....419 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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