Detailed text transcripts for TV channel - MSNBC - 20110202:06:10:00
Question, increased fund flow into commodities has boosted prices. 2009, even republican senator tom coburn admits the speculation, quote, helped to inflate futures prices and there by disconnect futures from cash prices impairing farmers' and grain elevators' ability to hedge price risk. even coburn said there was so much wall street money distorting prices that farmers and other guys who actually need commodity futures couldn't use them to keep their companies stable anymore. we don't notice price hikes so much because most of our food prices come from marketing and packaging. but in the dev...