Monday, June 30, 2008

Speculators Doing Their Thing

I saw this today at Bloomberg. The article is about how high commodities prices led to increased plantings of corn and wheat. How convenient for me that they demonstrate my point in such a timely fashion.

From the article:

"June 30 (Bloomberg) -- Corn fell the maximum permitted by the Chicago Board of Trade and wheat dropped the most in 13 weeks after the government said U.S. farmers planted more of both crops than previously expected."

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