I must really be a threat to you broker guys, as you keep bringing me up and keep saying what I haven't said. You guys are really good at that. What your also good at, is trying to convince a farmer that the sky is falling when prices are low, and getting them to sell at a loss. If a farmer hasn't sold by now, telling them the woulda. shoulda, coulda line now is is a waste of your time. Why do you think that so many farmers haven't sold at this point? It's because that year (1) after year (2) after year (3) after year (4) after year (5) after year (6) after year (7) you guys were wrong, and selling the crop in the summer netted them a net loss, as they watched the prices the next summer, when you guys had wrung most of the crop out of our nations farmers, climb to new highs. Most of the nations farmers were comfortable without a sale this summer, and I don't blame them. And, I think most of them really don't care now if the price goes down more. Most, I suspect, are saying, "Good! There's nothing better for low prices than low prices."
I said "Bin It" last fall when the price went below the cost of production, and I'm saying "Bin It" now that the price has again gone below the price of production. I don't really believe that I said that 2 months ago. And, I think that given farmers haven't sold, they didn't have to. Cap - you're a broker. You make money by people buying and selling. I understand why you don't like what I say on here. And I don't need to say again where I stand on the futures machine. Most everybody on here knows my stand. It's easier to bin and walk away for a while than it is to sell it, buy it back on paper and watch time erode your money in the account just as bad as if you were paying storage - maybe worse. Then there's the mental game that you need to deal with, which is the worse part of all. The crop in the bin if you're long is no big deal. You don't look at a futures statement or have to make margin calls if you're wrong. It just sits there. When you're ready to sell it - you sell it. Done. No broker fees, sell it to where you want. No futures headaches, much less stress = less heart disease. You don't have to deal with the IRS when they say that what you did was "gambling".
I don't think people on here are against bears. I think they're against someone who comes bulling their way onto the site, saying they are the ultimate genius, when most on this site has no clue who they are. You come here from another site, it's like starting a new job - and guess what, you're probably not going to be the chairman of the board when you walk in. I don't care what predictions they made or didn't make on the other board. On here, they stand by what they say here when they come in. And right now, VR looks to me like he's having a losing season. VR wasn't traded to us, he was fired. His credentials, if he had any, are gone. It's the mail room for you buddy - get used to paper cuts.
If you don't like what I write, any you think it's too long, well, guess what? "It's just the way I roll." If you don't like what I write, don't read it. But don't misquote what I said to perpetuate your own adjenda. I'm not afraid to say that I made a mistake. And I'll readily admit it. I'm human, probably not a genius, but, then, I haven't been tested. I readily admit what my credentials are, and aren't. What it is, it is.
Jen
