Wheat basis

[jazz]

The world is obviously favoring low quality wheat over better stuff. Word is millers have been able to work with lower quality stuff to keep costs down.

So why grow high quality stuff just to go to ethanol or pigs in china. Unfortunately, to get the yeild to make wheat work, you have to pour the inputs to it, then you end up creating a higher quality product by default if you get it off in good conditions.

If there was a way to grow 50+ bushel feed wheat without the inputs I would be moving to that market because quality is dead.

[WiltonRanch]

Think the world wanted our quality but the demand was quite elastic when price went too high. Remember being at the Combine to Customer CWB re-education camp. One breath they’re telling us about how good they’re marketing our high quality then tell us foreign buyers would substitute if price too high. Left you wondering later years after the board was gone and protein premiums weakened but general quality improved. Were we being bullshitted all those years about the true demand for high protein?