GO
Loading...

How High Could Corn, Soybean Prices Go?

CNBC.com
Tuesday, 31 Jul 2012 | 6:53 PM ET
Cramer's Watching Rising Food Prices
Nothing drains the consumer's wallet like a rise in food prices, with Mad Money host Jim Cramer.

As American farmers suffer through the U.S.’s worst drought in 50 years, large portions of the nation’s corn and soybean crop are faltering, prompting prices to soar.

After the price of corn hit an all-time high Tuesday, “Mad Money” host Jim Cramer wondered just how high both corn and soybean prices could go. After all, he noted both corn and soybean prices affect everything from fuel to feed to food.

“If these moves continue, they could be in a position to annihilate earnings for a whole host of multinational companies, especially the food and beverage names,” Cramer said.

To get a sense of where corn and soybean prices might be headed, Cramer went “Off the Charts” with the help of Mark Sebastian, a highly regarded technician on Wall Street. Check out the video to see his full report.





@MadMoneyOnCNBC on Twitter

"Mad Money" on Facebook

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.