…but worth salting away for a session where QE3 hysteria returns.
Friend of ForexLive Vincent Cignarella and a colleague look back at the 1988 drought and the lower dollar which seemed to be a result.
Corn plays an even larger role in the US economy today given the silly ethanol mandates put in place to appease the farm lobby, the enviros and energy independence crowd (remember them, from the pre-shale oil days?) .
When and if Europe begins to recede from the headlines, the drought could become the next cause célèbre for currency markets.
