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How much wheat in farmers hands
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Mbmaring
Posted 12/19/2007 20:29 (#264210)
Subject: How much wheat in farmers hands



North west MN

I wonder how much wheat is actually in farmers hands or bins?

I was talking to a couple of local elevators and they said wheat that is coming now was forward contracted for DEC. and most was set at 5 to 6 dollars last summer and the over run was sold off the combine for 6-7 Dollars after binning the contracted bushels.

So where is the wheat going to come from when the futures rally?

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