Hadn't seen your original $20 wheat prediction, which makes it my problem I guess. That's fair enough, although it's only durum that's gone there. My own thought on bread wheat is that the rally is pretty much over unless there's a US drought. Right now, the southeast (where there's not a lot of wheat) is dry, but the rest looks ok. We'll have to wait and see.
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CP,
I don't get your point.
We were selling $20/bu wheat 10 years ago to grocery stores.
Did any Durum grower in Canada's "Designated Area" actually sell 1 $20 bushel to any normal delivery point in the last month?
Did any wheat grower sell 1 bushel for $10/bu in the last month?
Your targets have not been reached.
But Hey, they just might be in the SPring of 2008!
What do you think $1.25 CDN Loonie will do to the price... is it supposed to be in US$ or Loonies?
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