Agricultural Funds Surge On Midwest Flooding Crop Damages
Posted on June 12, 2008 at 04:00 AM EDT
Agriculture exchange traded funds (ETFs) shot up in trading today as a flood in the Midwest damaged the 2008 corn crop. Corn futures rose more than 4%, the fifth straight record trading session, reports Sam Nelson for Reuters. Corn prices have risen 80% in the last year, and 17% of that has been accrued in the [...]