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    Corn, Soybeans and Cattle Drop the Limit on Japan Fears





    What was described as “panic selling” caused corn, soybeans and live cattle to drop their limits Tuesday on the Chicago Mercantile Exchange as investment money fled the markets and the uncertainties surrounding the aftermath of the earthquake/tsunami in Japan.
    The earthquake has taken about ten percent out of the cash value of Iowa’s grain and livestock production since last Thursday night, according to rough estimates.
    “The market is looking for different headlines, and until we get them investors will want to stay out,” said analyst Darin Newsome of DTN in Omaha. “The earthquake has left a huge hole in the market.”
    Newsome added “Japan is bringing its money home, and that leaves U.S. fund managers scrambling. This is a big round of liquidation
    Japan fears sink corn, beans, livestock | Des Moines Register Staff Blogs



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    Re: Corn, Soybeans and Cattle Drop the Limit on Japan Fears

    So much for the thread about no grain surpluses.


    I don't know the key to success, but the key to failure is trying to please everyone.

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    Re: Corn, Soybeans and Cattle Drop the Limit on Japan Fears

    Is it okay to make ethanol now?


    Let my Fred's Posse Ride: Georges, Naz, Hogue, Bryce, Nader, Monte, Matt, and McKay.

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    Re: Corn, Soybeans and Cattle Drop the Limit on Japan Fears

    Quote Originally Posted by Wesley View Post
    Is it okay to make ethanol now?
    no.



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