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Starbuck Manitoba Canada | I was directing that sarcasm toward Tara, Markright, DJM. In a post below I stated that yields are slipping everywhere, including Eroupe.
The western wheat areas are poor due to dryness, the southeast will be riddled with disease due to wetness. I would imagine the farms in the sweet spot in between are smiling.
Only 34% good to excellent in wheat compared to last years 68%.
I do believe that yields are starting to slip and will continue to slip to the point that a below trndline yield is almost a certainty.
I have been bullish for over a year now, and believe we will see a few more $ in the prices. I fine it interesting that the last time spring tornadoes were so bad was 1974, and in that year the corn crop was poor to the point that prices doubled over what was considered a big price to $4.00 I also believe that this weather pattern may hold back bean production as well.
Just wanted to clear that up. | |
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Limit up?
