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Senior Contributor

wheat -7 to corn

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CBT-srw- May is runing 7 under CBT May corn.

The market always has a job to do this year it is to price out corun use- by price or by inviting substitutes.

In wheat, giant prices resulting from collusion with Corn and from a couple of less than perfect Wx yrs,

is now inviting HUGE sed9ngs the world around.

Whne the plains are veryt dry, semi arid clime - sometimes it rains or snows. Wheat is hardy.

Anytime someone says maybe there will be no crop, 8 mnths before harvest, sell him 50% of yopur wheat.

 

CBT W is yelling there is too much coming in June July 2013 and so on.

 

Comments welcome !!

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3 Replies
Honored Advisor

Re: wheat -7 to corn

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basis is saying the opposite-------------------- but otherwise you make great points.

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Senior Contributor

Re: wheat -7 to corn

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Understood--- I exxxxxaggggerate some for effect.

No mkt has a total bear or bull case.

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Honored Advisor

Re: wheat -7 to corn

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Local grain murchant has grains sliding all the way into fall.  Based completely on crops to come and drought can't last forever.

The one thing that bothers me a little is that when we do see increasing stocks, cattle on feed #s will be down for some time.  They consume a lot of grain-------------- or don't

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