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June 29, 2009
MET is closed all day Friday. Penny-Newman open. All Almond hullers closed. Please plan ahead!

To help you understand why the futures market, which controls cash prices, works the way it does, I will give you a picture of how the Spec Fund managers who run the market see the world.
1) All corn goes to ethanol and all soy to bio-diesel.
2) The weather in (fill in the blank) _____________, S. America, China, Russia, Mongolia, Zululand... is bad so soy/corn/wheat (pick one) will be scarce so prices must go up.
3) When the price of one commodity goes up, all go up.
4) Fundamentals by virtue of the fact that they are "known", are useless.
5) Run prices up until no one will buy and then run them down until no one will sell, then repeat.
6) When all your game playing goes wrong and you lose money, run to Washington and they will bail you out with money from the very taxpayers you fleeced so you can go back and do it all over again, and that's the truth........

Clovis Main Office - Wes Creswick  

11567 East Bullard Avenue - Clovis, CA - 93611 
 Voice (559) 323-0795 - Fax (559) 323-9769
wcreswick@comcast.net
Turlock Branch Office - Mike Fernandes 
Voice (209) 678 3977
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