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Veteran Advisor

Re: Sunday night opening guesses

why don't we play something more fun like guessing each others age or weight, height?

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Veteran Advisor

Re: Sunday night opening guesses

ehoff - by definition:  Homogeneous definition:  composed of parts or elements that are all of the same kind.  

 

Let's look at that word used in our current maketing system.  All of the same kind.  And see, here is where we are going to differ.  It's not a homogeneous market.  It's not composed of all the same kinds of investors.  Almost every group out there is in it for a different reason.  My issue, and contention, is that the funds that take in huge amounts of cash, now have the ability to steer the markets.  And, I know, your going to say that's a good thing.  No - it's not - not from what I have seen over the last 10 years or so.  And the one paying the price is ultimately the consumer.  

 

Let's talk about an unrelated to Ag commodity - gas and oil.  We have had two major oil scares in my life - in the seventies and the one a few years ago.  "Oh, we're running out of oil!"  - and the markets took the price of oil to it's new all time highs.  Why?  Why did it.  Gee - it don't look like we're out of oil at all.  But yet, we got the price up to $4.00 to $5.00, people didn't riot, so it must've been OK.  Now that crude is back to just over $90.00, has the price come back to where it was before it went up so high?  Is it back to the $1.50 it was before?  No.  And the same thing happens with every, single market out there.  That's my problem.  Thats my beef, and it's why I will continue to attack the CBOT at every juncture.  Is it their fault - no.  And, that's the other thing.  In this system, like the oil a few years ago when the government investigated the price of oil, guess what?   There was no one to blame.  It was just the markets doing what they do, and they cost all of us, all over the world.   Don't talk to me about the sanctity of our markets.  I'm not so stupid as to think these markets are set up for the good of farmers.  They only care about one thing - moving the markets as much as they can, to make the most out of each move.  I'm tired of it, because, in the end, one way or the other, we all pay.

 

You think the price of food is going to come down now that corn is lower?  What a crock.  It was just a ruse to move the price of higher in the first place, and the farmer was to blame.  The blame needs to go to a greed driven futures market, that is now driven by more money that was probably ever intended to flow through it.  If that isn't true, then how many times do we sell the same bushels of corn?  And how many bushels of corn are now being traded, that only exist on paper. Want to make the market more real?  Then we only trade the amount of bushels that we can produce.  Period.  When the bushels run out, the market gets locked.

 

Jen

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Senior Contributor

Re: Sunday night opening guesses

Jenny, our markets are not perfect by no means.  But you are terrribly mistaken.  Have you ever heard of inflation?  Insisting that gas should go back to $1.50 is simplistic at best.  Inflation plays a big part over the long haul for prices to go up and not come back down.  And you try too blame the boogey man.  Your post sounds more like complaining by a 3 year old than well reasoned argument.

 

By the way there are good reasons for people not to reveal their identity and a talk forum.  So get over it and get of your high horse.  I raise corn and soybeans and contract hogs.  I am at market risk for my corn and beans unlike you, and I use the cbot extensively and believe that over the long haul it is a great market to work with! 

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Veteran Advisor

Re: Sunday night opening guesses

89,

 

did you just refer to Jenny as a HE?

 

she's a chick, man...what in the world are you saying???

 

...and Jen, does that make eeeehaww  not so GENIUS?

 Smiley Very HappySmiley Very Happy

 

 

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Veteran Advisor

Re: Sunday night opening guesses

Well, then it should work both ways. Why are we talking about $2.00 corn? Apparently, someone didn't get the memo....

Jen
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Advisor

Re: Sunday night opening guesses

No I did not.

Markets not so great tonight? O well I'm covered
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Highlighted
Senior Contributor

Re: Sunday night opening guesses

Who are you responding to?

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Highlighted
Frequent Contributor

Re: Sunday night opening guesses

Great comments Shag. I think with all the extreme weather and the way the markets have gone south people are getting on edge. Just like back in the ole school junior high days. always someone run n their mouth. Jenny keep up the good post as well as your comments Shag you are right on correct. Its all right to call the market 5 cents lower corn and 1 lower beans but the great white hope crap adds "nothing to the plate" here !!!   If anyone knew the market direction over 50 % of the time they sure would not be here. All of us in this farming will be on the right side some years and the opposite side other years. For some to get on this board and act like they "know it all" i think they were either picked on in school by the bully, or are just plain "full of themselves" !!  Looks like a late,wet harvest here in North Central Iowa.  Anyone hear from Krafty i see he has not posted in a while. Hope all is well with Don. How about Rsw, i see he has not posted for a long time.

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Highlighted
Veteran Advisor

Re: Sunday night opening guesses

Silverwheaton, my above comment was for you. If inflation works for the fuel, and we have lots of fuel - then, it should work the same for corn. You're argument doesn't pass the test of being an inflation issue in my book.

Jen
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Veteran Advisor

Re: Sunday night opening guesses

Jenny is super defensive at this point and defends against it as if he's serious sometimes.

 

sorry then 89, I musta just mis-took this sentence of yours?

 

who's on first?......is the REAL question.

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