NCND | ImTheBoss - 1/30/2014 23:40
Sell it, take 80% cash, and have your elevator keep you long July futures. It can't keep going down forever
If it does, we're awfully close to "oh ****" territory in ND. Fertilizer is still relatively high and rents have gone higher. Younger farmers without oil $$ are going to be in trouble sooner than most think
Markets can remain irrational longer than you and I can remain solvent.
Just where is +1.75?????
That mountain of wheat in Canada will keep a lid for a while. Most farmers kept their wheat. They may puke it up this summer and then we start getting camadian grain.
The crop Canada grew is the equivalent of USA having a 190bpa corn crop. Imagine how long corn would go down if we raised a corn crop that size????? Difference is wheat is grown every month of year. This thing may last longer than many think.
This coming from a guy with most fert bought and 7+$ contracts on the books for 14.
I very well may set basis when we get something planted. |
I call shenanigans on MW.
