Word: feider
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Dates: during 2000-2009
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...shipping grain by rail or truck isn't feasible on a large scale; it's too costly, and freight lines are already booked solid. It would take as many as 60 trucks to transport the 55,000 bu. of corn that would fit on a barge, says David Feider, a spokesman for the grain exporter Cargill. "We're not diverting cargo," he says. The prospect of corn being dumped on the domestic market has already depressed spot prices. But don't expect a break in the price of cornflakes. The corn in a 1-lb. box costs cereal makers just...
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