Thursday, August 13, 2009
(click on image to enlarge)
As someone once said predictions are dangerous, especially about the future. With prices rising on the CME – blocks are $1.35, and NFDM hit a dollar yesterday – the question which pops into everyone’s mind is where is this all leading?
One Cornell study says, “Although somewhat erratic, the cycles in milk price appears to have an underlying order.” Well, maybe but I don’t see it.
Plato said justice is the will of those in power. I would add prices on the CME are similarly the will of those in power. That of course, should change. Imbalances of power are eventually unstable.