Pritch,
I don't buy your line on srw. srw doesn't have 30% of the acres of hrw. Hrw accounts for more than double the acres of any other type of wheat in the US and over half of the production of all type of wheat. No other form of wheat has the potential to make up for the losses when HRW fails to produce.
That would be less than 7 million acres trying to make up for the losses of 24+ million acres. I don't think we realized the significance of the attempt to rail wheat south for feed this year-------- to even consider that as an answer should give us a view of our supply condition.
It means ------
One of the worlds largest wheat producing regions was out of attainable supply of wheat
The corn supply was so low that corn could not be sourced to meet feed needs.
Railing in wheat from the northern states to fill feeding gaps------------ That is such a rare historical occurance, and in reality it's like trying to water a crop with a 5 gallon bucket --------------- it is one of the facts that keeps me sitting on my hands pricing new crop.
We will produce again but it has taken us three hard years to get into this position. We will not glut the market in one summer. Getting ourselves in an overproduced position will take several years---------
--- or an act of congress. 🙂
