|
north central Oklahoma | Is not what you are describing a true "supply/demand" sscenario. They will have to bid it up to get it out of our bins. That's the way it was for years, for wheat anyway, low prices at harvest, but a slow but sure rally into winter/spring to entice grain out of storage. Worked well until the commodity board took more control. Now more money is made (and lost) by folks who likely don't even know what a wheat plant looks like.
And yes, I think we are in for several years of more attractove prices. One can forward market wheat above $5 for several years out, corn above $4 for at least 4 years, beans above $8 for at least three years. Would it be wise to do that when we don't know what fertilizer will do? Dunno, but if fertilizer does go much higher tha it is currently and prices do go down as you fear, we are all in deep kimshee, don't ya reckon? | |
|
Grain prices and power
