Friday, May 9, 2008

Cookin' With MarketBeat: Corn, Beans; "The Succotash Trade"

From MarketBeat:

Investors in the grains market of late had apparently been buying the rumor, and today they’re selling the news. In grain terms, they’d been buying corn and selling beans, and now they’re buying beans and selling the corn....
(Note: MarketBeat is aware that the traditional recipe for succotash is corn and lima beans rather than soybeans.)