Posted by Fixerupper on November 14, 2010 at 07:08:07 from (207.199.205.40):
In Reply to: Grain went Down ! posted by j heitkemper on November 13, 2010 at 19:13:58:
The answer is probably in all of the reasons listed below, except for one. Years ago the grain markets were primarily tied into domestic useage, meaning livestock feed and a little bit of human based products produced here in the US. There was some exporting to a few countries but it wasn't nearly as vast as it is now. Today the whole world is involved with our grain trade in more ways than we can count. South America is a growing and marketing soybeans during a time of the year when the US growing season is dormant, so that makes the global soybean market a steady year-round entity. The different currencies of all of the trading countries fluctuate constantly and if the currency of a major country goes up or down in value the buying or selling ability of that country and it's trading partners goes up and down with it. Add to that the instant communications enabled by our modern electronics and we suddenly have an overreacting market. Computers linked to the boards of trade around the world are communicating with each other 24/7 making for relentless volatility. Any small rumor about increased or decreased trade with another country sets it off. It may not be all that major, but that's all it takes. Ok, that's enough! Jim
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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