Corn might become costlier than wheat, insiders say

04/25/2011 | Bloomberg

Abah Ofon, agricultural-commodity analyst at Standard Chartered, said corn futures will average about $8 a bushel in the third quarter, while wheat is estimated to be about $7.70 a bushel. Goldman Sachs estimated that corn will cost about 11% more than wheat in a few months. Corn hasn't been more expensive than wheat since 1984.

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