To: zek157
Corn futures continue to hover about $4 a bushel in response to the growing demand for ethanol, which is why farmers are choosing to plant more corn.
I'm a programmer, but my company is a commodities risk management company for farmers. Today is grain report day, so it's kind of wild around here. We will be able to tell what's going to happen with prices when the market opens. There's a lot of planting going on due to high demand, and the report was very bearish. If the report is right, corn should fall hard. If it doesn't drop more than a dime at opening, get ready $5 corn. You can also expect soybeans to skyrocket further, and all food prices, especially meat, will be going up.
49 posted on
03/30/2007 7:17:40 AM PDT by
JamesP81
(Eph 6:12)
To: JamesP81
The same article said farmers were planting 5 million less acres in soy beans. Everything from yogurt to steak is going up on this BS.
97 posted on
03/30/2007 8:03:29 AM PDT by
zek157
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