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SE IL | Reading wire stories about less than stellar crops in the northland, farmers "hoarding" beans (according to one story anyway) and slow corn harvest causing the recent run up in prices. While the lower yields will eventually be quantified (and priced in) what effect will farmer storage (welding the bin doors) have on future prices and supply? Are the South Americans getting an (possibly) incorrect signal to further increase plantings? What if higher prices persist through North American planting causing further (possibly) incorrect market signals? Can we end up with even larger surpluses than are expected now? Or am I worrying about something that can't happen? Is it probable that the CME will have the "right" price and basis will do the work of causing grain to move? I'm probably just numb from too many hours but what do you all think? Thanks. | |
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OK so help me with something
