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Starbuck Manitoba Canada | I do believe this is the last kick at the can for this bull market. How high we go is hard to say. I doubt that we take out the highs unless it stays this hot and dry for another 3 weeks and then freezes the following week. I am not waiting for super highs. One has to reward the market when high prices come this fast. I will add that after the initial run up we are currently experiencing, we will most likely see harvest pressure take it back down. Then we will grind higher into spring when the chances of a giant crop resurface.
Does the south west winter wheat belt have enough moisture for a decent start to fall planting? If not, this may give an extra boost to this falls prices. | |
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St. Louis Meterologist at 5:00pm
