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Corn, Ethanol And Water
By Mr Ethanol | June 20, 2008
istockAnalyst.com:
Beginning early June, heavily rainfall flooded parts of northern Iowa and southern Wisconsin at a time when the ground was still soaked from spring rains. Homes, cities and roads suffered extensive damage. Corn and soybean fields were hit hard; their future is in serious doubt.
Already this season, farmers were behind with planting due to the wet conditions. With the additional rain and flooding in parts of Iowa, Wisconsin, Indiana and other states, corn is taking another hit. Crop conditions as reported in the USDA’s weekly weather and crop bulletin released Tuesday declined, with only 57% rated as good or excellent - down from 60% the week before. The real question is what that number is going to be next week once flooding subsides and the crops can be inspected. If prices lately are any indication, the market is betting that the quality of corn from these areas will continue to decline. More.
Topics: Ethanol |
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