2min chapter

Animal Spirits Podcast cover image

Talk Your Book: The Craziest Commodities Market Ever

Animal Spirits Podcast

CHAPTER

Wheat Futures - Who Are the Biggest Sellers?

The farmers are getting subsidized. They're producing stuff in a normal market of trades at break even. So you see corn trading, as we said three years ago when we spoke, it has been, i think at that time, four or five years, at three 50 a bushel. Just sitting there. When you look back at a chart, corn will sit there and go sideways at its cost of production til there's a supply disruption,. then it rockets higher.

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