Owen Price

Didn't expect corn and soybeans in a Fed chair's answer about bond yields, but there they are, right next to crack spreads, which is the refiners' cut between crude and the diesel that goes in a tractor. His other two reasons long rates are up are a strong economy and hyperscalers out raising money, so my land note is competing with data centers for dollars. I can't do a thing about any of the three, and my operating line floats, so the quarter point lands on top.