Tuesday, July 3, 2012

Grain Prices Are No Longer Contained

Over the last few weeks, we've gotten reports that drought and high temperatures are hurting the current grain crop.  As a result, we're seeing price spikes across the grains complex.  Corn (top chart) has moved through the 6.80 level and now has a lot of open real estate before it hits yearly highs.  Soy beans (middle chart) are now at yearly highs, while wheat (bottom chart) has broken through the 7.00/7.20 level.