Thursday, November 14, 2013

Volatility--the Farmer's Enemy

A paragraph from today's Farm Policy:
"Meanwhile, an update yesterday at The Wall Street Journal Online indicated that the cash price for corn (No. 2 yellow. Cent. Ill. bu-BP) on Tuesday was 4.1850; a year ago it was 7.2200."
 The ease with which farm prices can change is a fact often missed by those outside the farm world.  There's not too many commodities out there where the price can drop, or rise, as fast as corn just did.

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