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Here we go New open May bean short
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mudfarmer
Posted 2/21/2008 07:45 (#315492 - in reply to #315272)
Subject: Re: $6 corn


Yes, there might be a new level, but I heard lot of the same talk in the seventies. Have to feed the world, not making any more land, blah blah blah. We had a CCC loan rate of $2.80 for corn until some politician cut it to about $1.70.
Don't think oil can go down ? It went from $30 to $10 before. That would roughly equate to it going from $100 to $30 now. But all we can really do is guess what is going to happen.
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