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| I just can't see much volatility in the year. Their is just too much grain for it to go up very much. Price spikes will be short lived and not as much as we (producers) are hoping for. The good news is we seem to be grinding through these big crops. Wheat around here seems to be 'flying out', regardless of the poor export news. So these prices are apparently low enough that things are getting used up (I can only assume the same for corn and beans) which is what we need to happen. Downside risk should be slim as well. I can't see anything but sideways trading (with the occasional weather bumps/export crashes) for 10 more months.
No idea what fighting in the middle east will cause, but I suppose potential for market distress is there. Good topic, very curious on others thoughts. | |
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