As farmers we understand the price swings of bulk commodities.
Corn and beans and wheat dropped near limit down yesterday.
On the grocery shelf today, I did not notice cornbread prices down 10%, I did not notice Wheaties down 10%.....
Gasoline is pretty tightly controlled by a very few players in the USA. Makes a person ponder a bit, when the raw material of crude drops, the prices are kinda low, and one of the players has some mystical issue that slows the bulk supply a bit, causing the retail price to jump up 15% in a couple days.
Now, anyone dealing in bulk commodities contracts out a few months, so spot prices aren't really all that important other than for headlines.
Yea, I think we get it....... And keep getting it.......
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