grain prices spiral down

The summer crops sorghum, mung beans, maize, cotton are being harvested now. In the overall scheme of things here, these are minor crops

Winter crop prices were reasonable at harvest, but have plunged in the last week. They are all part of a global market.

My opinion is that high farm prices are the only thing that kept this economy from going over the edge into a real depression. But you can't reward the people who actually produce new wealth every year, for some reason. That just isn't the way it works, unfortunately. In my historical research the common theme is that farmers and rural people are looked down upon. Still true today, maybe even more so. Don

Jim

We are building our retirement home and I was just talking to my builder yesterday who was telling me that lumber prices are going up at a rate of 10-12% a month and concrete prices are steadily rising. I know some of this is catching up as the economy gets better BUT something does not look right in this picture? Who is controlling what?

1) Grain prices are set in a global market and depend on supply and demand
2) 'Real' grain prices have been heading down for at least 250 years because technology is moving global supply out faster than global demand
3) Grain markets are also 'speculative markets' and speculative markets always over react to new information