I am not really concerned with Dow Jones performance which is more or less expected before Friday’s Employment report which is a key indicator. I am more concerned about corn rising to $6 per bushel. This will definitely have an adverse impact on inflation. Given that oil prices is already breaking record after record, the last thing you would want is to have a staple food commodity increases to such a high price. Corn cultivation is also expected to decrease as more farmers switch to soy bean which is more profitable, this will cause more inflation and also hold back on the Fed’s ability to lower the Interest Rate which has already left not much room to be lowered.
Dow Jones up 20.20
By Finance in Dow Jones up 20.20
Apr
3