Wheat price?

[ray h.]

    Any one agree with me that figuring production cost ratio,you know fuel  $3.40 plus,N cost of.70 cents per unit,wear and tear parts being combine overhalls,friction parts for tillage,tires,ins, and just about any other input you would want to examine.(New equip.replacment.) Current wheat pricing of $s high5s to low 6s depending on shipping,class,and port,that wheat prices are just as low as they were in the bulk of the eighties,ninties,and early years of two thousands at $3.40 to $4.00?

[Palouser]

Just reading a report from yesterday that US soft wheat was the cheapest in the world FOB. PNW white wheat was as cheap as Aussie feed wheat - or cheaper - FOB. PNW is premium wheat.

[sw363535]

totally agree,------------------------------a bumper crop of risk is the promise of this observation.

The rise in production costs match the rise in crop price and wheat has found a poor net return position.

[ray h.]

    Sure glad some one agrees,this is why I get reaal irratated when some one  says  maybe we will see a 3 or a 4 in front of the price because we are already there! Not sure about the corn but I am sure some feel the same when a 3 is talked about!