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Corn v. Crude

Posted on July 15, 2008

Why are corn and oil prices rising in tandem? I've become a bit obsessive about oil prices -- I check them online several times each day, just out of habit.But most other commodities remain something of a mystery to me. I keep hearing, for example, about the tremendous increase in corn and soybean prices, along with other grains and oil seeds. Still, until last night, I'd never taken the time to find out just how steep that increase has been.So to satisfy my curiosity, I put together the following chart, using figures from the phenomenally helpful futuresource.com, comparing the rise in ...

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