Monday, April 09, 2012
A (Corn) Straw in the Wind
Des Moines Register reports China bought 50,000 tons of corn from Ukraine. With corn prices high, we're going to bring a lot of land into the production picture; all it takes is the right land, the right climate, the right knowledge and the right infrastructure. Over time the result will be a glut of corn on the market and depressed prices. That's my geezer talking.