by Mark Thoma, University of Oregon (Department of Economics)

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I asked a question at the end of this post. Arnold

Posted on June 25, 2008

I asked a question at the end of this post. Arnold Kling answers:Mark Thoma's Question, by Arnold Kling:He asks,how do you explain the large run up in, say, agricultural commodities which cannot be left in the ground until later? Interesting question. Some off-the-cuff observations. 1. The point about the run-up in other commodities raises questions about any oil-specific story. ...2. I disagree with Mark on the storability of agricultural commodities. Wheat can be stored as crackers. Corn can be stored as corn flakes. If speculators drive up the price of corn nine months from now, but there...

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commodities , commodity , futures , metals , oil