Dec 7th 2014, 14:13:04
i saw food up at 125 yesterday but large volumes still appearing in the 39-42 range
and oil has been hovering at around 400 for several days
given the potential price point for bushels is it possible that will cause the supply of oil to decrease as resource production is shifted; thus driving up the price oil in the process through scarcity?
what i'm really try to say is; i think that overall there could be a definite upward correlation in the price of both bushels and oil but based purely on a high dollar per bushel price [an increase in the bushel price causes the price of oil to also increase]
and as i type this post bushels are now 70$
and oil has been hovering at around 400 for several days
given the potential price point for bushels is it possible that will cause the supply of oil to decrease as resource production is shifted; thus driving up the price oil in the process through scarcity?
what i'm really try to say is; i think that overall there could be a definite upward correlation in the price of both bushels and oil but based purely on a high dollar per bushel price [an increase in the bushel price causes the price of oil to also increase]
and as i type this post bushels are now 70$