Commodities focus of Farm and Ranch
Thu, 05 Dec 2013 17:23:26 GMT — On day two of the IDEAg Amarillo Farm and Ranch show, the morning kicked off with the Texas Commodity Symposium.Bob Maurey of Manduca Trading said, "presently weâ??re looking at an erosion in prices. Corn, wheat and soybean have come off."Maurey says he believes recent commodity fluctuations have been due to investors. "A lot of the movement in my opinion is due to the entities who want to make money, not necessarily to mitigate risk."He also stresses the global nature of the agriculture industry today and increasing demand from China.The Farm and Ranch show will continue through Thursday.Matt Gruhlkey of Attebury Grain says, "Itâ??s important for farmers to meet the suppliers of the farmers and to come to the Texas Commodity Symposium, get some CEU credits."