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Posts: 5,068
Registered: ‎05-14-2010

short crops have long tails

Not to be saying I tiold you so becasue I really haven't been very interested- or accurate- in grains other than tosay that prices are in the higher part of even the modern era range and thus probabilities suggest that prices will be lower in the future.


But anyway, for the youngsters who think the last 6 years are normal- and for all I know they are- that is what we used to say bcack in the old days. In order to ration/incentivize production, prices find a point that gets it done then leak away for a long time as the job gets done.



"People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason."

J.K. Galbraith