I'm still beating this puppy.. but SW Kansas Feedlot Country still sees WHEAT about $.20 per BUSHEL CHEAPER than Corn...
( http://www.unitedpag.com/ )
and we're in CORN HARVEST?!? In fact we are done.
So I do not get how things can continue this long OUT OF WHACK.. we even EXPORTED some WHEAT TO CANADA.. (Isn't that the country that sends us like 115 myn bushels on the WASDE projections..??? 115 myn US IMPORTS FROM Canada..?!?)
So there's still a lot of things that are screwed up right now...
There is NO DOUBT!! NONE.. ZERO.. NADA.. chance that we are NOT feeding Wheat right now in a major way.. and given the crop prospects for the 2017 crop.. too dry to continue sowing.. how much longer is this going to continue?
We gonna take US Wheat stocks from 1100 myn bushels down to 500...??? cause that's what it's looking like here... |