Death comes to us all. Life's but a walking shadow | This may seem like a frivolous question but I don't mean it to be. Somebody (or bodies) believes that the price of corn this December should be $3.60. How did they come to that conclusion? Obviously people sold futures down until either nobody would sell them at a lower price or nobody would buy them at a higher price. But that begs the question, "How did those people in the market come to that decision?" A month before one kernel of corn was harvested somebody decided that a fair price for corn in Dec. is $3.60. |
Who sets the price of corn?
