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?
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.
03-19-2013 04:07 AM
Let's compare world demand for soybeans for now and 1989 also.........a slightly different animal.