Grain Prices Continue Downward Trend
December 18, 2008
December 18, 2008
WACO, Texas, Dec. 18 -- The Texas Farm Bureau has issued the following news release:
The Bureau of Labor Statistics reported late last week that the U.S. unemployment rate had risen to 6.7 percent, up from 6.5 percent in October. These are the highest unemployment percentages since June of 2003 when the unemployment rate was 6.3 percent.
Since July, over 92 percent of the variation in corn prices can be explained by the price of crude oil, according to Dr. Mark Welc . . .
The Bureau of Labor Statistics reported late last week that the U.S. unemployment rate had risen to 6.7 percent, up from 6.5 percent in October. These are the highest unemployment percentages since June of 2003 when the unemployment rate was 6.3 percent.
Since July, over 92 percent of the variation in corn prices can be explained by the price of crude oil, according to Dr. Mark Welc . . .