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Veteran Advisor

wheat sub $5.00 bu at local elevator

I'm sorry but it makes me angery.

We haven't had a respectable crop
For several years.

Again the wheat is dying.

There are problems world wide.

There was no widespread rain in
The hrw belt.

Something is wrong

There should be some phones ringing.
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Honored Advisor

Re: wheat sub $5.00 bu at local elevator

Went to a farm machinery sale today for a friend.   Was the worst sale I have been to in years.

 

No one wants to bid on equipment when the primary crop is dying in the field.  For the 5th straight year.

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Senior Advisor

Re: wheat sub $5.00 bu at local elevator

My response is that one day doesn't make a market. Yes, I believe the paper market over does things and yet they'll be late to the party when prices head up but, I don't worry about it. I didn't lose a dime today. Yes, I have wheat in bins so I'm long. And I'll have my day.

 

I do sympathize with those that are losing crops. Not easy. Crop insurance at least makes it easier than just payments.

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Senior Contributor

Re: wheat sub $5.00 bu at local elevator

    Yes,the world is awash in wheat,45 or is it 60 days.(A reconning is coming!)

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