Planned Corn Planting Hits Seven Decade High
A shortage of a number of crops will mean the amount of corn planted in the US this year will be at a seven decade high. In theory, this will push corn prices down, and the price of wheat and…
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But, as the recent past has shown, prices are driven by weather as much as any other factor. Droughts in the last two years in Russia and China has affected prices. The weather in the US has been unusually dry, and, at least this winter, unusually warm.
According to Reuters,
U.S. farmers will plant the most corn in 75 years to cash in on higher prices, topping expectations at the expense of soybean and spring wheat sowings
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.