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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: not_prudent who wrote (148440)	3/29/2011 10:16:04 AM
From: elmatador	Read Replies (1) \| Respond to of 206223

My point is corn prices were artificially low. As international prices increased, and having a deficit to fight, US kicked in corn exports. The United States exported US$11.2 billion worth of corn in 2007, up 36.2% from 2006 on strong demand from 60 countries around the globe. That had an effect in the price of chickens and dog food. That happened because incomes are growing abroad and people are eating nore more and better foods. As a result the American consumer has to compete with those foreign mouths. That drives prices of some food items in the US.