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New Mexico | I'm quite impressed with how they're working the whole mess from 07 and 08 out.
( as a whole, one of the best total jobs of "walking on water" or defying gravity ever done so far )
On dough..I figure Ben will run his stated course which is thru June.
On EU dough...econ real good there, so they will tighten dough up some.
China dough, same as the EU.
Japan is the main forward dough increase now ( because of rebuild etc which will be ongoing ).
The afore should be good for usa agri products.
Negative for usa agri will likely be internal food spin last half of 011.
USA govt is in the "next election" mode now.
Be tough to "2nd guess" how the "politicios" will interpret the afore, possibly react etc..
Excepting some of the afore, there may be no effect on producer prices because MOST consumer interviews are statedly "pro food, pro staycation," again vs feeding their dough towards higher gas prices.
Edited by Markwright 4/5/2011 01:54
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QE
