U.S. Corn Yield Heading for Record
Tweet
Share
E-mail
U.S. corn yield may be heading for a record, according to Hussein Allidina, an analyst at Morgan Stanley. He thinks there is a good chance the U.S. Department of Agriculture may raise its estimate of the corn yield in its monthly crop report on May 10th.
"Yields were raised in May in all five of the fastest plantings seasons since 2000, and the U.S. corn yield may be heading for a record," stated Allidina in an email today.
On the whole, agricultural sector stocks, as tracked by Market Vectors Agribusiness ETF (NYSE: MOO), are up 10 percent so far this year.
"Yields were raised in May in all five of the fastest plantings seasons since 2000, and the U.S. corn yield may be heading for a record," stated Allidina in an email today.
On the whole, agricultural sector stocks, as tracked by Market Vectors Agribusiness ETF (NYSE: MOO), are up 10 percent so far this year.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- NetEase.com (NTES) PT Raised to $163 at Morgan Stanley
- Citigroup set to join top banks in Anthropic IPO - Bloomberg
- Texas Stock Exchange wins first primary listings with TCBI’s ETFs
Create E-mail Alert Related Categories
ETFsRelated Entities
Morgan StanleySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
