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Im sorry.... nobody is going to believe me...
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Gauner
Posted 9/15/2017 08:26 (#6249233 - in reply to #6248789)
Subject: RE: Im sorry.... nobody is going to believe me...


totally possible in the realm of possibilitys,however most of us farmers will be sold out by then because we won't think it could go that high,then the commercials sell it back to us livestock guys because they'll make more than using it for whatever reason they needed it for!this happened in 1994,huge bumper crop,then from 95 to spring of 96 went to 5.50.it was demand driven not supply.the charts had flipped to the upside meaning doubled in value if you know what I mean.every info pundit said sell in the 4-4.50 range.they were all bailing at $5-5.50.some farmers lost their farms because of margin calls.
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