Corn Is Getting Creamed!!! Deepest 1-day drop since 9 years!!!

Russian Market‏@russian_market5 min
Deepest 1-day drop since 9 years! @The_Domino: Chart of corn futures on CBOT...down 20+% since high on Aug 21, 2012 [link to twitter.com (secure)]

nice one OP..."corn gets creamed"

I love those stock market puns! And I'm happy as long as cotton doesn't get picked.

Corned gets creamed
Cotton gets picked
Soybeans get crushed
Wheat goes through the mill
Lumber gets sliced

LOL ... aren't ag commodities great!

It's disgusting that we make bets on our planet's food supply at a lip sticked up pig of a casino we call Wall Street.

Say NO to GMO's

and works better than ex-lax. cleans you right out.

That might be why the price is down. Could be a lot of people are going to boycott GMO corn products whenever they can.

Gregor Peter‏@L0gg0l2 h
Corn -8.2% ... almost limit down

Price is down because: '

1. Corn stocks exceeded USDA estimate by nearly 10%
2. Players who went long on corn scrambling out of positions.
3. U.S. farmers planning to plant most corn acreage since 1936.
4. Many ethanol and beef operations were idled due to high prices.

LOL'd at the thread title OP, would 5 star if my tank weren't empty right now.

There should be no "limit down" on FOOD!!!!!!

This is insane!!!

Thousands of families may be able to feed their kids less expensively some time in the future, and farmers able to afford more feed for their stocks, etc. etc. etc.


and we've got a bunch of rich people who've rigged the market so that when their casino bets are tanking, they stop them from getting cheaper!

SAY NO TO FOOD BEING ON THE STOCK EXCHANGE!!!!!

GMO awareness is backing up the supply chain.

Corn is not on the Stock Exchange.

Largest traders are producers and end-users who use the commodity exchange mechanism to hedge against price fluctuation.

Stock Exchange, Commodity Exchange, it's still a "bet" on FOOD! Do you not agree?

These exchanges are what cause the price fluctuation in the first place!

Without the stock (oh sorry, commodity) exchange, Food prices would be as they SHOULD be.

I think price fluctuations would be much more extreme without the exchanges.

If prices fell too dramatically, many farmers might decide not to plant corn at all, resulting in shortages and radically higher prices down the road.

People have been using exchanges since the time of the Sumerians, for very good reasons. Are you saying we should quit using a time tested(millenia) method for market stabilization?

Yes.

We have the internet now. Farmer's can go online and find out how much they would get for a bushel of corn.

The way we have it right now. Someone may have bought a whole heap of corn at the higher price right before it nose dived. Do you think that's fair? How about the farmer's all get together and talk about what they can get for it, if it's worth it to plant. Oh yes, and throw in the government subsidy factor.

The "Sumerians" didn't have the internet, they didn't have a way of knowing what the weather predictions were going to be for the future. That argument is weak.

Farmers as well as the "PEOPLE" would be much better off if a bunch of rich people weren't deciding to buy corn commodities and jack up the price.

And as far as stability goes. Well you saw what happened today. A report comes out and everybody scrambles. You call that stability? I call it greed.

Russian Market‏@russian_market3 min
Oh, corn keeps on falling.

to read tonight, thanks Luisport.

It's about fucking time corn came down...

Now for peanuts...

Hopefully its the GMO kind.

Dropping commodity prices happens with deflation.

Its corn full of aflatoxins...i dont believe you guys dont know that..and you know everything...

Are they at least cool rannch?

don't understand 'one link' threads, really
there was the time when this was not allowed, but now even automaticaly pinned

Luis, why don't you write about much ineteresting and 'doomy' stuff like huge floods and landslide in Portugal?

Yeeha, time to get shucking with corn at those prices!

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