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South central kansas |
The article goes on to say the terms of the agreement, meaning when the chinese take the wheat, are by the end of 2011. The current runup in the price of wheat, IMO, just insures we will be non competitive in the export sector, in terms of price(assuming basis remains steady) and if demand is not raised in the supply and demand report friday, look for ending stocks of wheat to rise as a result of increased supply, primarily for HRWW.
Edited by zenfarm 7/6/2010 09:01
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Wheat? Wow....
