Posted 2/11/2019 12:40 (#7313637 - in reply to #7313627) Subject: RE: Here's a trend line for ya...
zenfarm - 2/11/2019 12:36
"the corn market has not extracted nearly enough pain out of corn producers yet to make them try to curb production."
Maybe it is not just the corn market, but corn, beans and wheat market that hasn't extracted enough pain ?. Grain prices don't occur in a vacuum, they are all relative.
It is possible that you are right. For whatever reason wheat hit it's highs a lot earlier than corn and beans. I don't know why. I wouldn't be surprised if wheat has already hit it's lows for that reason.
That being said, wheat is dead to me until price is closer to competitive with corn. I have not studied wheat charts in a long while. I grow it where I have to and price it in a fairly arbitrary manner since it is not a large percentage of my gross income.