Commodities fell today. Oil fell, corn fell. It is too wet to plow and corn futures fell. So much for supply and demand and hooray for the Commodity Futures Modernization Act of 2000 which allow big money to hedge things like corn against speculating on the dollar.
Needless to say the dollar took off in an upward flight.
What all this will mean to dairy farmers is too soon to tell. But,all bets are off.
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