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| As Gotty points out the spread between ZW/ZC,just saw this chart last night from Ken Morrison,over nite at its high went to 2.63 equaled the January 2013 high which historically barring 2008ish
Basically soft wheat once the cookies makers get their fill of it,its exports or feed bunk. Feed bunks been long gone,,,,, we're priced out of the world market,more so right now. PLUS this US $$$ is not helping......... Last springs big rally on the dead winter wheat (remember the dead picture ) in Kaunas DID NOTHING but killing our exports and dangle the carrot for us spring wheat guys. I did not bite,I did get some sold tho,even after MW brought up 2008.................. Jon posts about those poor yields in KS/OK,,,that was/had been very will priced in last spring..............Killed export so who really cares if the yields was poor. | |
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