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options market is mispricing futures, ja
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milofarmer1
Posted 11/13/2012 11:37 (#2694793 - in reply to #2694636)
Subject: RE: 2012 HRW Wht off to a better start than 2013..



Texas/New Mexico Stateline
JonSCKs - 11/13/2012 08:28
Most here are comparing this to the 1930's and the 1950's... 1954 was dry.. 55 was a repreive and 56 was just as bad as 54.. some say 11 was 54, 12..55 and we got this next year to get through.. The 1950's drought really didn't break until about 57 or 58.. We could have another 3 or 4 years of this.. and all the water history guru's back this up.. It was even drier back in the late 1800's...


No no no no, don't post this stuff. I don't need anything to make it more depressing.

A LOT of half emerged dying wheat is on the verge of blowing out after Saturday's blast.

What to do? Chisel it up and take away any chance at all of a crop? Some guys are bedding up ground trying to hold it, and it isn't going to hold.

1950-55 was when irrigation boom hit and folks got through pretty good if they could get their wells dug and set up in time. Went from almost dirty 30s again, to Garden of Eden with 'ocean of water' to pump out of. Now that "ocean" is all gone, and we are about to get back to the dirty 30s.

Kinda, deviated from the thread. IMHO the wheat market has been trading this drought since way back this summer. And will continue to play the waiting game for several months now.
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