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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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