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Ethanol Demand Boosts Corn Planting 15% in 2007, Biggest Since 1944

Corn planting will be up 15% this year to 90.5 million acres and 12.1 million more acres than in 2006,  the biggest U.S. corn planting since 1944, boosted by high demand from the ethanol industry and strong export sales, reports AP, citing the U.S. Department of Agriculture's annual prospective plantings report. 

Continue reading... "Ethanol Demand Boosts Corn Planting 15% in 2007, Biggest Since 1944" »

Consumer Spending, Personal Incomes Rise; Inflation Rises Fastest in 6 Months

Personal income increased $65.4 billion, or 0.6% in February while , consumer spending also rose by 0.6% or $55.5 billion, according to the Bureau of Economic Analysis. Private wage and salary increased $19.3 billion in February, compared with an increase of $64.9 billion in January because of bonus payments in January.

Continue reading... "Consumer Spending, Personal Incomes Rise; Inflation Rises Fastest in 6 Months" »

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