$CORN - Contrarian alert! Wet weather and cooler than average temps are leading to a windfall in corn.
"Expectations of a glut have driven corn prices down by 13% this year, to near four-year lows, after a 40% decrease last year."
So, from a long term investing point of view, do you think the country will continue to produce record amounts of corn? Or, will some sort of dryer or hotter weather lead to corn shortages ever again?
Just thinking out loud.
No positions. Like to eat corn, though.
U.S. Farmers Are Up to Their Ears in Corn
Tony C. Dreibus
The Wall Street Journal. - The Wall Street Journal. - Mon Aug 18 17:30:00 UTC 2014
"We're going to drown in corn this year." The assessment, from Jeff Brown, 45 years old, a fifth-...
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