(click on image to enlarge)
Prices continue to rise on the CME and at Fonterra's latest internet auction (see above). Note the skim milk powder price. That means U.S. NFDM prices are very, very low.
The stock market also rose and when that happens oil goes up, which it did. When oil goes up, almost certainly corn will rise, which it did.
As Yogi Berra said, "Its tough to make predictions,especially about the future."
If only the milk price would adjust accordingly. California powder last week $1.1257 for 20 million pounds.
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