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Buxton ND | Full Circle
KE has came full circle from the pre-crazy highs to the lows
4.33 April low 2007
13.95 February 2008
4.31 last week, coming in the brunt of harvest if the funds wanna do a new record all time short KE you do not wanna hear the price.
For nearly 2 years exports have been VERY POOR. For those that wanna learn look at the highs in Wheaties in 2014 and look at the lows of the US $$$
Just remembering off hand 10-20-30 bucks per metric ton priced out of the world market and last year and half.
I've bought up putting it in the feed bunks many times, yeah no one likes to here nor do I. But we sit with nearly a full billion bushels of wheat carry-over NOW WE HAVE TO****** put it in the feed bunks,,, like 200- 250 mb bushels worth, that is a totally crazy high # btw
NOW WE HAVE TO EXPORT IT****** not sitting in those dam tin can waiting for MarkWRONGS 2008 wheat market.
Now looking way forward,
Do you wanna plant what we do not need ?
We'll have that planting carrot this fall, grab the carrot, drive to your local commercial/end-user and tell him you simply do not want it. Or just plan to totally have THE COWS eat the dam carrot,,, cattle are going to be needing some cheap feed anyways.
Looking forward at those FULL BINS. Your going to get the KY Jelly treatment at harvest by .50ish in basis anyways. And that's for good wheat.
Mr. Market does not want your wheat right now.
Mr. Mr Market is telling you he will pay you .55 MORE if you store it til February.
Mr. Market was telling you this last summer in corn = 4.50/5.00 CASH corn sitting in the bins RIGHT NOW.
.50 from the basis
.55 CARRY
1.05 MORE for binning it, SELLING THE CARRY and hauling it in the off-season.
*****The BEST PART of this by selling the carry the commercial knows he will have the wheat*****
*****Mr. Commercial can load in on the rails and sent it to a gulf port*****
*****Mr. Big Boy Commercial can load it on a big big ship and get to anyone in the world and get it the heck out of here*****
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OR do you wanna keep doing what you have been doing ?
Raise wheat.
Adding to the carry.
Building bins adding to carry.
Sitting on it in commercial storage (God for bid)
Adding to the carry
And sitting tight waiting for MarkWRONGS 2008 predictions.
AND ADDING TO THE CARRY.
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Sat has a new term "PC" = "PEAK CARRY" I can only go back roughly 2 years of carry charts.
Does anyone have some long term charts howing the carry in the different wheat markets ?
Sorry for used so many of these ***** but with a ONE BILLION BUSHEL carry of wheat, WE AS THE AMERICAN FARMERS NEED TO DO SOMETHING DIFFERENT. | |
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Corn
