Cattle placements and the price of corn: Watch closely, or take a gamble
After doing a ten day dance from US$7/bushel to US$7.30/bushel, corn sagged this week threatening to fall below US$7.10/bushel at one point before finally closing near US$7.25/bushel. The brief deflationary spell was attributed to a "lack of news" by some analysts. That is, with no major export orders or supply shocks ...
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