Sunday, August 8, 2010

As If By An Invisible Hand...

Right on schedule.

Saturday's Wall Street Journal:

"Wheat Drops More than 7%: Big Exporters Release Grains in Storage to Shore Up Supply, Deflating Price."

"Wheat prices plummeted...." "Farmers across the U.S. released millions of bushels from storage into the global supply chain..."

(I don't publish links to the Wall Street Journal because they are blockaded to non-subscribers.)

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