The highest corn price was last year, and it was not from supply and demand- it was by speculators in the market- after they pulled out of the stock market, they went into commodities, both oil and grains, causing the prices to run up. If the only ones allowed in the grain market were the farmers and the end users, no specs- there would be true price/value discovery. Supply/demand people need to retake Econ 101.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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