Bio-Fueled Grain Rally

Corn and soybean prices exploded on Tuesday on rumors of a new deal to change regulations surrounding biofuels. The plan was submitted to the White House by the Renewable Fuels Association and Carl Icahn, a…

Soybeans Sink

Soybean prices fell to a six-week low under $10.10 per bushel on Friday, dragged lower by USDA projections for a bean crop of 4.18 billion bushels this year, a harvest that would be the second-largest…

Bellies get Gutted

Bacon prices collapsed this week, losing nearly 20% in value over two days. Bacon tracks an industry market known as “pork bellies” which represent the frozen cut of meat that bacon is made from. The…

Soybean Oil Slides Lower

The market for soybean oil (labeled “vegetable oil” in the supermarket) is looking cloudy; prices dropped beneath 33 cents per pound on Friday for the first time since October. Bean oil is falling even as…