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 - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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