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Buxton ND | Mafit wheat is breaking to new lows this morning
"Short Tail/Long Tail" its not just for corn...............
But in the big picture,,,,,IMO we're STILL feeling the after shocks of the 2008 wheat market,where everyone and their Uncle saw dollar signs raising wheat. This wheat will drag on corn.
Our wheat exports.
last year,,,, 451.8 mb
THIS year 328.2 mb
So we have cheap wheat and still can't get the big exports,,,we have seen this song and dance before guys.....
Then look at corn export for the last 2 years
.715
1.9 BB (projected)
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2.615 divided by 2 years this 1.308 BB,that's not Jack for exports of corn,so either the world's hoofs and feathers have been eating someone else's corn OR WHEAT. This is why I chuckle every time I see the words "Peak Corn" the corn market is alittle bigger then Iowa............................... | |
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Is there some reason we're punching wheat in the nether-regions today?
