03-18-2013 07:05 PM - edited 03-18-2013 07:06 PM
not sure where he was born, but he's in Palouse area of Washington state (eastern)
I assume your question refers to price?....1988 they increased about 70% after Mar stocks.
From 1400, that'd be about 2400.
I'm guessing Good's est. is even high; just a gut b/c of relentless pace of consumption and lack of other grain/forage for domestic feed.
03-18-2013 08:24 PM
03-18-2013 10:33 PM
1988 would have been the drought year, so what happened with prices after Mar 1, 1989?
"My reading of history convinces me that most bad government results from too much government." - Thomas Jefferson
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03-18-2013 11:04 PM
good point WCMO,
Good said "lowest stocks since 1989, following short 1988 harvest"
prices were down then sideways till end July, then down during growing that yr.- guess mkt had decided it had already rationed enough and "priced in" much lower stocks...maybe demand was dead 88-89 mktg yr?
now, beans will have to decide if demand has been sufficiently rationed (doesn't appear to be?) + growing season outlook.
03-18-2013 11:10 PM
Yes, the fabulous Palouse Hills. "You can never have enough power".
I'm a bit east of here against the mountain foothills and I have pine and fir trees along my fields in places. A few more miles east and it's forest.