Corn: Taking A Cut

Oil isn't the only commodity having a down day; corn is taking a beating, down nearly -5.8% this morning to $6.40 a bushel. Corn and other agricultural names like wheat and soybeans put in their all-time highs last summer, so with the strong dollar vanquishing the great commodity bubble that was brought forth by the policies of the Federal Reserve, it should come as no surprise that corn is heading lower week-after-week. This is a big plus for our consumption = growth thesis considering how widely used corn is among different food products.

Corn: Taking A Cut - CORN6mo