We get the Ks Wheat Tour here in a few days.. they're gonna be out reporting on this..
http://ksn.com/2015/04/22/drought-hits-wheat-crop-hard/
We've had over 10" here in the Central part of the state in the past couple of weeks and we're looking at 0 to 35 bu wheat yields according to my agronomist yesterday..
"It's gonna make from near ZERO to maybe 35 bu.. some to 40.. but just as much at 15 or less.."
I do not know how much will get destroyed.. but it's going to be a CHUNK!!
The Funds can sell it.. but at some point they will have to COVER their positions...
Edited by JonSCKs 4/29/2015 08:59
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