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Corn prices grow on ethanol, feed demand

Published on 11 December, 2006, Last updated at 14:31 GMT


Farmers are getting the best price for corn in more than a decade amid strong demand for ethanol and feed, the Agriculture Department reported Monday.

Average corn prices for the year were forecast at $2.90 per bushel to $3.30 per bushel, up 10 cents from last month's estimate, according to the monthly crop report.

The last time prices were as good was 1995, when the average was $3.25 per bushel. This year is the fifth time corn prices have risen above $3 per bushel. Last year's average was $2 per bushel.




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