1. Farmers might withhold some of their current corn harvest from the Market, anticipating a higher corn price in the future. 2. The grain inventories will show whether high corn prices have forced cattle ranchers and hog farmers to cut back feeding rates. 3. Also weighing on corn prices is weaker-than-expected export demand, Love said. 4. Analysts had expected the surge in corn prices to lead to reduced demand from hog farmers, usually the first group to be winnowed out by higher feed costs. 5. And there were indications the size of the herd is beginning to level off as corn prices rise and threaten profits for pig farmers. 6. As corn prices this summer raced to record highs, farmland values tagged along. 7. As long as supplies keep dwindling at their current pace, analysts expect corn prices to rise. 8. As is normal, corn prices peaked in the first part of July only to drop steadily as the harvest approached and production levels became more clear. 9. As a result of the bumper crop, Rothermel and other farmers are facing plunging corn prices and diminished profits. 10. At the same time, corn prices were climbing today because of shorter than expected inventories, boosting feed prices. |