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Manitoba, Canada | To sum it up it's basically hoping for a bad weather event to happen TO SOMEBODY ELSE that will reduce their yields enough to scare the grain buyers into ensuring that they can purchase enough grain to meet their future needs. They do this by increasing the price they offer to producers.
With today's global trading bad weather anywhere in the world can have a big effect on prices and just like most markets prices will often move more than is justified for a short time before stabilizing again. Capitalizing on these short term spikes can make a big difference in a farms profitability. | |
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Weather Scare
