A sign of insanity is talking to yourself but this market is too interesting to hold back. Feed barley prices in Portland (source CWB fax/will be in this weeks western producer) - $305 to $310/tonne FOB (loaded ship).
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Charlie,
I appreciate your musings and insight!
What we really need to know is how much barley EXACTLY has been sold already this year.
I note with interest how Brazil keeps a running total of what % sold the Brazilian Soybean crop is... throughout the marketing cycle.
Why shouldn't this same info be avaliable to us from the CWB on Board grains?
Good accurate information will best serve and stabilise the market, and reduce volatility.
$10/bu wheat brings $3/bu wheat in normal situations. $5.00 feed barley usually means $2/bu is not far behind.
Or are we arrogant enough to believe history will not repeat itself?
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