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Buxton ND | Tara brings up some good points from last year, on can not talk last year without bringing up China.
One year ago China's Shanghai index was on a rampage higher.
Now its been in the crash and burn mood since last July 4th.
Look at OUR grain markets since July 4th
July 4th has been a pivotal point in many many markets for years.
Maize comment,,,,,,,,,,,,,
"To me it is clear they are the problem. Their insurance program has removed so much risk that they have gone from distorting the markets to driving them"
Crop Insurance removed most of the risk of farming.
Locking in $200-300 an acre profits before one planted IS NOT THE REAL WORLD OF FARMING PERIOD.
MORE so in the marginal areas, making bankers very welling to free money into Ag land.
I've watching this crop insurance crash and burn many different markets*****
Most resent has been dark red kidney beans,,,,,with WHITE KIDNEY'S leading the charge LOWER.
Will let some of the kidney guys explain this baby.
NEXT will be pea's and lentils,,, here one MUST remember the Dollar/Loony*****
OUR crop insurance.
OUR ethanol mandate.
OUR 18 month average price in corn was 6.99 in early 2013
OUR Governmental actions of the last year has dangled the planting carrot to the WORLD.
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Yes different deal then the 1970's yes.
BUT,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Does this fit into OUR governments CHEAP FOOD POLICY OR NOT
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OK suns ah risin so back on the road and will end with my feet in the water and backside in the sand ! ! ! ! !
BTW WHO'S in charge of getting the dance floor for Commodity Classic's ? | |
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WE WILL HAVE RALLIES !!!
