Are highest prices behind us?

[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!

[charliep]

There are at least a couple of us here that
witnessed/survived the early 1980's and this
experience has had a major impact on how we have
run our financial lives/view risk. As an example, all
my mortgages have been fixed rate - likely cost me
an extra percent on interest or more but helped my
sleep factor at night (my risk guage). A very personal
thing how everyone looks at the future and how they
make decisions.

[checking]

If the future is as bleak as being stated, insurance certainly is not going to protect anyone.

What makes anyone believe that reliance on any paper contract has any protective value in a meltdown?

Apparently, many of you are buyers of such documents which would indicate to me that you don't believe what you are preaching.

[charliep]

Depends on point of view.

Is $10 to $12/bu canola a bleak future?

Is $5 to $7/bu wheat (you put in the grade and
protein) a bleak future?

$3.50 to $4/bu feed barley ($5/bu malt) a bleak
future? $7 ish/bu peas?

Everything depends on perspective. What is likely
most important is your breakevens based on the
above. Again a very personal thing.

On the future, any business with a solid balance is a
good situation to weather an economic storm.

[bucket]

It depends on yield this year. 10 bushel crops due to drowning can look pretty bleak.