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08-22-2017 11:23 AM
CNN (Cheapo News Network)---In some areas of the midwest, local states of emergency are being declared. Hundreds of Grain bins
loaded with wheat are exploding. The ever growing amount of wheat in the bins are causing the wheat to blow out the sides and
the tops of the grain bins.......Local grain elevators are on 12 hour shifts trying to get the elevators unloaded as fast as they can so
the multiplying wheat in the bins do not put more pressure on the bin walls and that they blow out.
People are advised not to go near grain bins, be they made of steel or concrete....fear is continuing to spread as there have
been several reports of hopper grain trailers pulled by semi trucks, and at least several hopper grain cars have been reported to
start to bulge and wheat leaking from the seams............
"We just don't understand it, harvest is over, the wheat is in the bin, and the amount of wheat, according to the CME, continues
to grow larger each day".....this from a long time Kansas Farmer and member of the local fire department.
CNN contacted the American Farm Bureau Federation and the National Association of Wheat Growers, located in Washington, D.C.,
and asked what can be done about this situation.......they have not returned our calls.
In the meantime, wheat futures continue to drop, down almost every day this past week, in reaction to the growing piles
of wheat, and the grain bins, elevators, semi's and train cars overloaded with wheat..........
08-22-2017 05:16 PM - edited 08-22-2017 05:18 PM
CNN (Cheapo News Network)---Iowa-- CNN associate pool reporter, BA Deere, a long time cracked reporter for CNN filed this report
earlier this week:
The problem is, as one Kansas Farmer stated, are the Russians as accurate as the USDA in projecting harvested production ?
While the number does look big at the surface, the question is, how much grain can Russia export out of their country ? The answer is,
not a lot...that is the biggest bottle neck for the Russians, they do not have the export facilities.
""But it's wheat""....as one trader said today, located in the basement of his house, still in his underwear midway thru todays
The question to also ask is what is the quality like ?? yes there may be wheat, but what can you used it for ? Chicken feed ?
CNN interviewed a market Guru today, that did not want to be identified.....located in a well to do suburban area
of Chicago, in his white silk pants and shirt, and a large light green turbin on his head, and a dark red ruby embedded
in the turbin........"Swami", saw in his crystal ball, tea leaves, and Samsung Galaxy S8, that wheat prices should stabilize in
the next 5 to 10 trading days, and then start to form a base. We've thrown just about all the bad news we can at this
The ironic thing is, the last time USSR had this big of a harvest occurred was when Russia invaded Afghanistan......Yesterday
President Donald Trump announced even more troops would be sent to Afghanistan, and more action taken there.