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WC MN | DJM, I don't believe we will see any type of substantial drop in input prices for awhile. The facts of the crop haven't changed. We are still gonna plant a lot of acres this year. If Japan gets things stabilized and there is no major threat, a month from now traders will hardly breathe a word of it. If it continues to get worse then we will go lower. Right now there is no way to determine demand loss. Also the dynamics of inflation that are in play with the usd have really not changed. It all comes down to how long this nuclear threat goes on and how long it has the traders attention. This is an unfortunate event and a weird market situation. Could end up being a good buying opportunity. Not saying we will see the highs again but we have hardly dropped a seed in the ground. Lots of weather and who knows what else to take place. | |
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Intervention......without intervention
