Commodities took a back seat to the banking system to end the week as up to 3 mid-sized banks are facing default and one has been taken over by the FDIC. Dow closed Friday off 341 points and June bonds up a whopping 3 and 1/2 points. Fed has opened the discount window so the dress up paid off hugely for the big fish. I wonder if they even comprehend that they have been yet again played, on a biggly billions dollar scale? Surprised? Wheat got a 13 1/2 cent bounce from stupid lows, 679 1/4. Corn up 5 3/4 to 617 1/4, while beans leak 3 3/4 cents, 1507. Rice up 3 while the computer probes around to see where the sponsors are. Those of us in the commodities world are picking up nickels in front of a steam roller while the financial boys who mostly just push paper around rake in bushel baskets. There is way more money in creating fear than food.
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