US corn price slumps; Bush speech vague on ethanol

Newswire

By Christine Stebbins CHICAGO, Jan 24 (Reuters) - Corn prices slumped on Wednesday at the Chicago Board of Trade the day after President George W. Bush's State of the Union address gave few specifics about plans to boost green fuel production. A 12-cent, or 3 percent, slide took corn prices below $4 per bushel at one point. CBOT markets had rallied on Tuesday as traders bet Bush would unveil big plans for the U.S. renewable fuels industry in his address to Congress. "There were really ...

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