Posted 4/8/2021 09:15 (#8939526 - in reply to #8939468) Subject: RE: backwardation in grains
It appears to me that the market is functioning as it should knowing what we know. Old crop is tight.................and the price is high enough we know there will be ample motivation to produce new crop. The success or lack thereof will be priced in as we move forward.
I do think pricing overall is ratcheting up a new plateau due to the X Trillion $$ of new money injected into our economy. That isn't really a benefit for anyone though. You just have to realize that everything is going up...............whether you're buying or selling.