Crop prospects send Midwest land prices soaring

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Better crop prospects have, combined with record low interest rates, shielded the Midwest agriculture from the "wilted" farm income prospects further south, helping farmland prices soar at their fastest pace in more than 30 years. Farm values in states including Illinois, Indiana and Iowa were 17% higher in the April-to-June quarter than a year before,…


CBOT corn outlook: Lower on debt jitters, Midwest rainfall

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U.S. corn futures are expected to open lower Friday amid ongoing jitters about the U.S. debt crisis and rains that should help the crop in some areas. Traders predict Chicago Board of Trade futures will open 4 cents to 6 cents lower. In overnight trade, corn for September delivery was down 6 1/2 cents to…


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