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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (90545)	9/25/2007 11:28:50 PM
From: Hawkmoon	Respond to of 306849

That's an interesting trend.. My father lives in an agricultural state, where home/land prices have soared, but still lag far behind those found in the city. I wondered what impact the agricultural ethanol-driven commodities boom would have on prices in his area and what you're presenting seems to bear some of my suspicions out. But the corn market is in a bubble that is going to burst as soon as the public demands an alternative to food based ethanol production (which is a farce). Hawk

To: Les H who wrote (90545)	9/25/2007 11:59:18 PM
From: Les H	Read Replies (2) \| Respond to of 306849

Grain or gold, eggs or oil, beef or iron, the prices of many commodities have been heading up. And some see the sector as the successor to stocks in the '90s and housing in the early years of this decade -- the next great bull market. A convergence of forces is helping push up prices, and while Minnesota farmers are benefiting from the turnaround, consumers are likely to pay higher prices for everything from doughnuts to diesel fuel. "This is the beginning of a bubble," said Jim Bower, owner of Bower Trading Co. in Lafayette, Ind., and a 30-year veteran of commodities trading. "The question is how much air we can pump into that bubble before it bursts." startribune.com Ag business consultant foresees rising food prices stltoday.com