NW IA | 1234 - 7/26/2013 06:11
The hysteria of the past two days is not helpful and certainly sends the wrong message to the endusers and futures speculators. And nothing about the size of the 2013 crop has actually changed.
The message I got, was endusers have been overpaying for grain for about a year now. If it's "always been there" as it now seems, then buyers have been paying too much.
You're right, nothing has changed. Nothing about the size of the 2012 crop that is. If buyers still need supplies, they will still have to pay. One day, or one week, does not change everything. |
Mature levelheaded business men ?
