Delayed Harvest
A thesis with no winners, just losers. That's this crop burnout thesis in a nutshell. The high and many-think-going-higher crop prices are playing havoc with what had been a terrific deflation theme: the food companies.
At the same time, trying to profit off it short of buying corn futures has been somewhat futile at this point. You can only buy so much Monsanto (MON), or Deere (DE) or Potash (POT) before you are trapped by worldwide concerns. And there's an understanding that farmers aren't going to rake in money over a drought because they don't sell as much as they would if corn prices were driven up by some insanity, like burning our food supply as an alternative to gasoline....270 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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