Okay.. Let's get this straightened out..  ( http://site.iptv.org/mtom )

Angie Setzer.. and I like Angie.. NOT picking on her.. but..

Pearson: "so what's up between Chicago soft vs Minny HRS wheat?"

Setzer:  "Well Northern Wheat area's had issues.. and HRS is in tight hands.. (yal.. Sat's.. ;-) and you can't get HRW up there.."

????

No.. HRW Wheat is crap.. it's not a HIGH protein wheat to begin with.. which is why you have the Minny HRS market.. and ESPECIALLY THIS YEAR.. when they busted out big yields in normally HIGH QUALITY.. HIGH PROTEIN.. HRW Wheat areas... aka Western Kansas..   THIS YEAR.. It's High yielding LOW PROTEIN.. anything under 10%.. which normally would be..??  less than 5% (or basically "nil') THIS YEAR.. is probably.. ??? 67% or MORE of the CROP..

.. so.. the normally HIGH QUALITY HRW WHEAT that we mill.. is basically DOG FOOD quality..  and such.. we are RAILING High Quality HRS Wheat down to the Mills to blend up with our 2016 HRW WHEAT CRAP...  

I mean it's good quality.. high test weight.. nothing wrong with that.. but has the milling and baking properties THIS YEAR of dog food...  It's going to have to be blended off.. RIGHT NOW.. the merchandisers are sorting through SEARCHING for ANY PROTEIN..  well.. so and so has some 2015 crop left.. but.. it's got bugs.. well darn.. Anyone else?

yal.. but they want a $2 premium... so.. there's SPRING WHEAT.. at $1.50.. well now down to $1.25'ish premium.. PLUS rail costs..

which is WHY 2017 HRW crop.. is gonna fetch a premium.. unless it's also Dog Food quality..  ???  (and golly it did rain.. which good quality HRW NEEDS to be STRESSED to put Protein in it..)  "well darn.."  BUT it's also not all up.. "Well DOUBLE Darn.."

rant off.

"2016 HRW Wheat crop.. went to the DOGs.."  A good year to be a DOG..

"you dawg."

get the picture?  Dogs are gonna be WELL FED.. this year..

does Mr Kittles want a treat?  Does he..?  GOOD BOY!!

"Attention WAL MART shoppers Special on Aisle 22  DOG FOOD... "  (Low protein dog food.. but Mr Kittles doesn't care.. just feed him some more...;-)

"good boy." 

Note to Angie.."MILLING QUALITY WHEATS are NOT ONLY NOT BURDENSOME.. they are EXTREMELY TIGHT!!!"  ( for $4 Crap prices.. $12 prices.. "yal we'd have enough".. BUT we're not at the high end of the range.. we're at the bottom.. SO even if you have DOG FOOD.. odds are the market is gonna rally.. even for that.. Less Corn acres than beans?!?)

ya'll seem to be missing this KEY point.. yes there are beau coup bushels of wheat.. but VERY LITTLE of it will MEET Spec..  those who OWN the QUALITY STOCKS KNOW what it is worth.. (see Minny Market..)  It's all going higher.. because we got the weather markets ahead of us..

hmmm..  2011?!?  Really...???  ah.. probably not.. btw got anything for sale?