new crop wheat bids

[malleefarmer]

bucket australia is has a mountain of exportable h1 and h2 wheat thats 13% plus protien and h2 is 11.5% to 13%.

Personally i sold i out of h1 a few weeks back and price has come of about $30 fromthe highs and h2 has come of maybe $40 from its highs.

Alot of farmers have stopped selling and await a return of higher prices in the next 6 months myself im hoping for a spike in jan 9 usda report and further troubles to lift prices in feb/march period will sell more old crop and a parcel of new crop wheat and maybe canola.

doesnt matter at the moment 1 there are the eu factors affecting wheat prices plus there is a mount everest of wheat just at the moment, i was hoping for a inflationary spike soon maybe cotton can give some of his thoughts on what may or maynot happen

[cottonpicken]

I believe what happens in the eu is steering the
markets right now.

I dont know how its going to shake out.

The latest news is the ecb has stepped in rescently
to purchase some italian bonds,the yields went to
7% and that is unacceptable.Do they have the
capacity to infinitly expand their balance sheet?

This is quantitative easing which i believed would
happen,which is very bullish inflationary event.

Will it continue?I dont know.

Mr.Bass believes it wont because germany is not
stupid,so a write down has to take place now
because the number that needs to be printed is so
high......2.7 trillion of eu debt is rolling over this
year....if he is right this is a deflationary event with
some major short/medium term problems for us.

The huge some of capital that is flying into u s
treasuries,bidding yields down to 0.00% is very
disturbing.

So many variables and access to good information
is making predictions very tough.

IMHO NIA DYODD

In my humble opinion not investment advice do
your own due diligence