Are highest prices behind us?

[HappyFarmer]

I completly agree with you errol. We
seeing the economies of these large,
important countries like china, europe,
us, really starting to slow down or in
the case of us not recover as fast as
hope. The price of oil is just not going
to be able to be sustained if these
counties are slowing down. Hence as you
said, lower corn, the bean, wheat
canola, etc.

[cottonpicken]

Ahhh... i don't think many are fooled.

Errol has been here 6 months?-and crb has been
watched continuously by some for years and years.

How much was oil 8 years ago?

Is it going back?

Why not?

Who is the next Lee M to get the boot from here for
being wrong.....

Corrections in bull markets..happen.

[HappyFarmer]

Think about this cottenpick

Think about the world in the past 8 years, u.s. banking system and economy nearly colapesed (and still may, hopefully not) Greece is broke, spain and italy are nearly there, irealand, portugal still a reck, france is in trouble, who know what the hell is eventually going to happen in Germany, china, the largest economy in the world has slowed down consecutivly the last eight months, bank don't have credit so tough for people to get credit, unemployment going higher, most of the heavy hitter of the world have so much debt they cant even agree on how they are going to pay it off, ........ get my point?

150 - 200 dollar my be a thing of the future, but REST ASSURED, a very, very distant future.

I hate, absolutely hate being pesimistic, but for me the writing on the wall is just to large to ignore.

[ALLFARMER]

Completely agree Happy, the US has or is
walking off a cliff. Something is going to trip them
up, it won't even need to be something big. The
Debt and Defecit have gone unchecked for too
long.

[sumdumguy]

Probably time to buy oil stocks. We alll know the
cycle. Middle East and Opec can not exist in $75
a barrel. These prices are a far cry from $150. A
lot of grain demand came from ethanol
production.

Gasbuddy says, the summer travel demand will
keep prices at the pump high. What else is new?

[cottonpicken]

What you are witnessing is a currency event.

[furrowtickler]

It happened in '08. Sky was the limit then in 45 days we lost 40% in the price of grains and oilseeds.

[checking]

We should all be as honest as those that say they could be wrong.

We should all admit that unseen future events will change or destroy our current beliefs.

This talk is either out to soothe ourselves, or to frighten others.

This talk is religion.

[cottonpicken]

Think about this happy,i was telling people on ag ville
8 years ago to buy gold because the economy was in
a shambles and we where heading into an inflationary
period.

I follow all things economic,i know that moodys cut
the royal bank of canadas credit rating on friday
along with 14 other banks,i watch chinas pmi
numbers .....it is an endless stream of data.

The western democracies of the world are about to be
given some medicine one way or another,I've got my
bet on which way it goes.

But checking you are right,i could be wrong,and its
not end of the world stuff,its just a financial
restructuring.

And it is not a religion to analyze history and make
prudent conclusions.

The world was falling apart in the 70's,but it was a
golden time for agriculture,until the pendulum swung
and took us into a dark age but the rest of the world
prospered .

And what was the percentage of farmers,or people for
that matter,that understood that 18% interest rates
would knock the hell out of the commodity complex
in the early eighties?

[SASKFARMER3]

I agree cotton. Read history boys!