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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who started this subject4/6/2004 6:53:40 AM
From: KyrosL  Read Replies (1) of 110194
 
Russ seems to be right, at least on soybeans. The WSJ makes it official.

Soaring Soybean Prices Hit Home

"The Bush administration is counting on U.S. farmers to respond to high prices by producing more soybeans. But it is far too early to know whether the new crop will be big enough or arrive in time. Unless soybean prices go higher to damp demand, the U.S. might run out by mid-September -- just before the next harvest can replenish bins. "This a very unusual situation," said Robert Wisner, an Iowa State University economist. "Things will get very interesting this summer.""

online.wsj.com
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