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<p>[QUOTE=&quot;justafarmer, post: 1037810, member: 3926&quot;]Someone mentioned to me this morning, anecdotal - I haven&#039;t verified it, that one day last week the volume of corn traded was over 11 billion bushels. In 2009 the total US production of corn was 13.4 billion bushels and 2009 is the highest corn yeild on record. So in effect an amount equal to the entire US crop was traded in the futures market in 1 day. Last week cotton hit an all time high Dec10 futures over $1.50 a pound. The fall in industrial metals yesterday caused me to lower my prices on all non-ferrous material, copper (aluminum, stainless steel, brass and etc) at my scrap yards 3 time throughout the day. I also nudged down the price of scrap iron/steel just to play it safe. </p><p><br /></p><p>I feel due to the bull run in PMs that large institutional traders and hedge funds are now moving into other commodities. They are making speculative trades which based on their own assets, resources and risk assessment are normal but actually consist of volumes these markets historically haven&#039;t dealt with. Reinhart Cotton a couple of years ago has gotten me bubble jumpy.[/QUOTE]</p><p><br /></p>

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