the brutality of corn

[rockpile]

Whoops, I meant next year.

[errolanderson]

Really enjoyed reading the comments on this thread. And yes, I'm old, grumpy and ugly enough that insults actually make me feel good.

Tom . . . you hit the nail on the head regarding the board.

John, you mentioned I'm wrong. Well my friend, the game isn't over yet. In fact, dare say that we might be only in the bottom of the 2nd inning right now.

What lies ahead may shock all of us when the global credit crunch hits in force. Global economies patched together by central bankers is a near-sighted band-aid solution. Canada will be affected . . . and yes even canola prices.

The statements made at the beginning of this thread are true. And truth can hurt. My assessment of a market is; call a spade-a-spade. And if this means running over some emotions, so be it. The market doesn't care.

The corn rally has run its course from an economics point of view. Speculators may run it into a short-term final blow-off top, but the length of this event may be counted in days IMO.

What speculators do, or having the worst drought in 70 years are totally unpredicatable. But I stand by my comments over the past few months. What lies ahead (likely post Olympic) will impact agriculture across Western Canada. The price sky is not the limit as we may witness very soon.

Errol

[BTO_farmall]

And Higher, And Higher, And Higher, AND HIGHER!!!!!!!!!!!!!!!!!!!!!!!!!!!

[jdepape]

Errol - funny that you single me out - to be clear,
you were getting a lot of heat from others.  I said
you "may have been wrong" (notice it was in past
tense) because you mentioned in another thread
how you've been wrong for so long you "can't see
straight".  

People may think you're wrong or dislike your
message, but my comment was that you should
never be expected to be right all the time anyway.  
Good analysis and decision making considers all
well thought out views - my comment was
directed at those on the thread that don't seem to
appreciate your views; for what its worth, I'm not
in that camp.

You're an analyst.  You tell us what you see
happening and comment on the big issues -
China's economy slowing down, global economy
imploding, corn demand destruction, canola
technically overbought, etc, etc.  That's your job.  
It's the decision maker's (farmer's) job to decide
what to do with that information.

[errolanderson]

it's time to just let the market to do the
talking

[BTO_farmall]

Fight, Fight, Fight, Fight, Fight!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!