06.10.2008 - Who’s benefiting from the agriculture bust?
From Seekingalpha.com: The agriculture sector has come down a long, long way since its recent highs. Leading the way down has been a sharp decline in agriculture commodities. The price of sugar is down 25%, soybeans are down 30%, corn is off 35%, and wheat is leading the way with a 40% decline since euphoria took the agriculture markets to unsustainable highs last winter. Remember the food riots…the rice trading maven, who took a dozen barges, loaded them with rice, and tried to corner the market...expectations that ethanol production would push an already tight corn market into the stratosphere …the world was running out of food!.... Full Article: Source
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