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Corn prices
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<blockquote data-quote="ddg1263" data-source="post: 862946" data-attributes="member: 8445"><p>Corn is opening even lower today as all commodities are. Many say it is a sell off because of Bernanke's decision to shift treasuries around. They will be selling short term maturities and buying into the long term maturities to try and push long term rates even lower. Corn has been strong all year, but all of a sudden at harvest we see this weakness in the commodity price. I don't think all farmers have the capacity to keep their harvest so a lot has to go to brokers. </p><p></p><p>Is the commodity run over? Everywhere I look people are having a hard time making it. This recession is real and has teeth. I don't see how people can afford to eat beef nowadays. Hamburger is about all I can afford. I tell you my compass of where things are headed is broken because I was certain that corn had to maintain a high price with the bad weather and the increase in overseas demand. I thought 7 dollar corn was going to be cheap corn going into the fall, but it looks like I am wrong.</p></blockquote><p></p>
[QUOTE="ddg1263, post: 862946, member: 8445"] Corn is opening even lower today as all commodities are. Many say it is a sell off because of Bernanke’s decision to shift treasuries around. They will be selling short term maturities and buying into the long term maturities to try and push long term rates even lower. Corn has been strong all year, but all of a sudden at harvest we see this weakness in the commodity price. I don’t think all farmers have the capacity to keep their harvest so a lot has to go to brokers. Is the commodity run over? Everywhere I look people are having a hard time making it. This recession is real and has teeth. I don’t see how people can afford to eat beef nowadays. Hamburger is about all I can afford. I tell you my compass of where things are headed is broken because I was certain that corn had to maintain a high price with the bad weather and the increase in overseas demand. I thought 7 dollar corn was going to be cheap corn going into the fall, but it looks like I am wrong. [/QUOTE]
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