Errol I feel like your bringing a red flag to a bull fight. There is no old crop left. Planting is late. I just sold soft wheat andrew for 7.25 per bushel cleaned for planting and I think I am being very conservative in my price. Spot market here is 6.8 per bushel into ethanol plant.
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Hopperbin . . . I've been to this bull fight many times in my career.
Call it a red flag or call it a yellow cautionary flag, these markets will adjust to the new economic reality and it will happen at the most unexpected time.
The break in the CRB is a huge warning IMO to commodity markets. Also, did you take a look at the Chicago oat market over the past two days. If oats are the grain market 'canary in the coal mine', this bird ain't flying out anytime soon. I'm personally bullish the cash oat market, but this sell-off is disturbing.
There are toxic economic fumes floating around commodity markets right now. And if you believe canola is the 'chosen one' and outside the realm of the global financial wreck, maybe your right, but maybe you are wrong.
Errol
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Coleville
Never said all people are interesting for equal amounts of time
Take Parsley for instance she seems to be attracted to meglomaniacs and serial killers ( often they can be the same) wonder if turnips are the only thing gettting planted in that garden???? Yet still interesting..lol
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