Crop Shocker Ripples Through Markets – WSJ.com

Agricultural , Commodities Oct 09, 2010 No Comments

The U.S. Department of Agriculture sliced its harvest projections for corn, soybeans and wheat, throwing fuel on a three-month-old commodity rally and deepening worries about rising food prices.

The report sent ripples across Wall Street, where prices of stocks of food companies that buy large amounts of grain fell. Chicken giant Tyson Foods Inc. slipped 7.7% Friday.%

via Crop Shocker Ripples Through Markets – WSJ.com.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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