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Prices as of 9:00 P.M. central time Sunday August 28th
Dec. corn $7.72
Nov. soybeans $14.27
Dec. wheat $8.00
Oct. cattle $115.00
Sept. Gold $1814.20
Sept. silver $41.14
Cash corn only second time I have sold above $7. Exports for grains bad, but lower dollar will help. Drought causing cattle liquidation, but prices will be higher when drought ends. Chicken sets are down. Mentioned Pro Farmer crop tour.
Stock market could go to 1/2 of its high. Gold and silver high. Interest rates very low, could 30 year home mortgage be at 3.98% ?????? Farmland very high, but commercial real estate and home prices especially not doing very well.
Europe is a mess. Swiss Franc very high in value, still good value in Canadian and Australian dollar. Japan is a wreck financially. Hyper-inflation could be our (world’s) next problem.
Mentioned John Mauldin and his book ENDGAME The end of the debt supercycle and how it changes everything. His weekly newsletter,Thoughts from the frontline.