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[QUOTE]Originally posted by glassman: [QB] OK, Pagan i had a little time to check up on corn prices, they are down a little from the last time i looked http://futures.tradingcharts.com/chart/CN/M they are still above the prices they should be, and we are waiting to see if the ethaol producers are going to cut production to run their prices up or they will just absorb the tax credit losses... so, i'll walk back my statemtn that we are in a big bubble at this exact moment, however, i am still convinced we are in a bubble, but it's not as big as i thought it was. I've been too busy to look the daily prices up and what i have noticed is that grocery prices have not come down at all since corn backed off some.. they should be under 5$ without the bubble... i listen to the geezers here talk chit about their business, and they are real happy for 5$ i hadn't realised it got back down to about 6.50.... [b] uly 2012 Corn Futures (as of 2/16/12) There is a 10% chance that the price will be higher than $7.94 and a 10% chance that the price will be less than or equal to $5.05. This indicates that there is an 80% probability that the price will fall between these two prices. There is a 50% chance the price will be less than or equal to (or greater than) $6.33.[/b] https://www.msu.edu/~hilker/crnfut.htm those would be some huge price swings, but we've seen a couple that big in the last four years [/QB][/QUOTE]
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