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It's always a good idea to check the grains after July 4, and they're soaring again as no relief...
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Thursday, July 5, 2012, 11:19 AM ETIt's always a good idea to check the grains after July 4, and they're soaring again as no relief is in sight from the heat and drought. Adding fuel is the Ukraine, which lowered its corn crop estimate by 8% due to its own weather issues. A couple of headlines for the contrarians: "Corn is shining like gold," and "New dust bowl days on the horizon." CORN +2.5%, JJG +2.7%.
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If there is manipulatin there is as much incentive and power for Kellogs, Genreal Mills,ADM, Kraft etc tomanipulage pricesdownward. O
I fyou must adhere to manipulatory dark shadow there is one in borad daylight: thank the govt. for a decision to subsidize corn production of ehtanol and then mandate that at least 10% of every gallon of gasoline you buy has this corrosive, low BTU /joule corn in it.