MGE HRS Wheat , next price target .

[boarderbloke]

Ray Grabanski, a market analyst commenting at Agriculture Online(2/07/2008), suggests now that wheat has roughly doubled it's all time high, HRS Wheat's next price target is, the inflation adjusted high, in the mid $20 !!!

[bucket]

It makes sense 40 buck oil in the 70s equals 6 buck 70s wheat to 20 buck today. Forget about the food value - it is a commodity where banks can quickly recoup there losses from the sub prime debacle.

And they are going to make back that money.

Unfortunately thanks to the cwb most western farmers are not going to a piece of it.

[cottonpicken]

I bet i could have a good arguement with him on "inflation adjusted high".