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Senior Contributor
Posts: 481
Registered: ‎10-18-2010
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wheat -7 to corn

CBT-srw- May is runing 7 under CBT May corn.

The market always has a job to do this year it is to price out corun use- by price or by inviting substitutes.

In wheat, giant prices resulting from collusion with Corn and from a couple of less than perfect Wx yrs,

is now inviting HUGE sed9ngs the world around.

Whne the plains are veryt dry, semi arid clime - sometimes it rains or snows. Wheat is hardy.

Anytime someone says maybe there will be no crop, 8 mnths before harvest, sell him 50% of yopur wheat.

 

CBT W is yelling there is too much coming in June July 2013 and so on.

 

Comments welcome !!

Honored Advisor
Posts: 6,122
Registered: ‎07-18-2011
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Re: wheat -7 to corn

basis is saying the opposite-------------------- but otherwise you make great points.

Senior Contributor
Posts: 481
Registered: ‎10-18-2010
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Re: wheat -7 to corn

Understood--- I exxxxxaggggerate some for effect.

No mkt has a total bear or bull case.

Honored Advisor
Posts: 6,122
Registered: ‎07-18-2011
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Re: wheat -7 to corn

Local grain murchant has grains sliding all the way into fall.  Based completely on crops to come and drought can't last forever.

The one thing that bothers me a little is that when we do see increasing stocks, cattle on feed #s will be down for some time.  They consume a lot of grain-------------- or don't