China is a huge purchaser of bulk commodities - oil crops, copper, steel, etc. If they hiccup everyone gets scared and bulk prices go down. Doesn't have to be real, just the thought of it plays with the markets...
USA Feds want a high dollar, good stock market, so they do whatever manipulation they can to get there. High dollar value is death to high crop prices, or anything the USA would export. It may be a house of cards ready to topple in; but for the moment dollar value and stock market have been propped up some.
Grain prices, ESP corn, mimic petrolium crude prices most of the time. We are in low petrolium prices, so corn follows.
I don't understand beef, that world got turned all upside down 2x over and can't make sense of it. The cynic in me wants to blame packers for playing with the market along with the big food corporations but even that doesn't really fit.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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