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| Some qualified private sources indicate the SA crops will only increase modestly, at best; some soybean acres may result from the corn freeze in argentina. Bulgaria indicates weather difficulties in sowing new crop wheat....means zip as shortfall will be supplied by EEC, except it does indicate high prices mean zilch as far as mother nature is concerned. Morocco in for 300MT soft wheat for Jan. Still acts like a bull from what I see- except as always..."once convinced you are right....is when you have to be cautious" ..survival is the game. Still have my small march wheat position....a stupid way to trade...big up, big down and now a big up (if I was smart, I would have sold into strength and bought into weakness-what my spouse sez is the correct way to trade...) ...except my nose tells me this old crop wheat thing may still not be dead. | |
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Observations
