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Veteran Advisor

Greek Crisis Impacting Corn?

Yes, it is possible the crisis in Greece can have an impact on corn and soybean prices. Scott Shellady, spells it out, this morning, in this short story:

 

Greek's Can Impact U.S. Corn Market

 

 

Mike

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8 Replies
Veteran Advisor

Re: Greek Crisis Impacting Corn?

"Compare ourselves to ourselves" ?! What is that?

 

We are the best of the bunch. PERIOD.

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Frequent Contributor

Re: Greek Crisis Impacting Corn?

I think what he means is if you do a look back at our economy (ourselves to ourselves) and look at present time, we are in decline. In other words our economy is in decline but maybe not as bad  as other world economies.

Senior Contributor

Re: Greek Crisis Impacting Corn?

Ironicly they make the point that we have customers for our grain with little or no money. You would think that american businesses would realize that we have created worker base with less money to buy what business sells. I would say it is rather short sighted to keep your customer base financially oppressed.

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Advisor

Re: Greek Crisis Impacting Corn?

Yesterday the major US indices got under some major support levels but as soon as the european markets closed they stairstepped higher for the rest of the day.

 

Same pattern may be setting up here today. Someday the dip won't be bought but I can't tell you what day that is and they aren't going to ring a bell when it is getting ready to happen.

 

Those indices have been rising at a nice 30 degree angle ever since the last kerfuffel in '11. The Nasdaq has almost doubled over that time. This is historically anomalous behavior but probably continues until faith is lost in the capacity for governments and central banks to backstop markets.

 

That test probably happens in China and the EU before it comes here.

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Veteran Advisor

Re: Greek Crisis Impacting Corn?

Aren't all countries going through  the same times, some countries with different economic approaches and different results but we are living through  the same TIMES?  

 

Comparing ourselves to ourselves in the past, when there were different economic factors and approaches and trying to compare it in an apples to apples comparison does not hold any water.  

 

We are in DIFFERENT TIMES and the definition of different is not the same as another or each other; unlike in nature, form, or quality.

 

 

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Senior Contributor

Re: Greek Crisis Impacting Corn?

Print more money, right Don?

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Honored Advisor

Re: Greek Crisis Impacting Corn?

That is somewhat true for the markets overall.  Like the mentioned NASDAC, or the stock market,  or even CME.  It is very difficult to compare.  The functions have changed.  All represent more world wide investment and business activity than any time in history..  I am not sure we can use them to verify any economic activity in the US alone....  The internationalization of commerce has made it near impossible.  And it masks real gdp declines on a single country basis..

Honored Advisor

Re: Greek Crisis Impacting Corn?

Cityslicker,

I think your right.......... and I am afraid you may even be optomistic......

So much of the old US economy is now international business...  The reporting agencies keep using the same data sources....

But those investments in stocks and bonds are not an indicator of "Main Street" business...

Even the dollar has been shipped overseas to carry other economies

I am not sure where we are but I see way too much activity going on that is still being paid for by tax dollars...... and not a lot of other new commerce....

 

 

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