HRSW Looking Toppy

[farming101]

Wasn't the cwb caught short. Thought they lost something like 25 million on that trade. I thought that was kind of the straw that broke the camels back and led to the ultimate downfall of the cwb. Maybe I'm remembering it wrong and Larry can fill us in on the details.

The squeeze was related to the Producer Payment Options program.
Net hedging activity was -466,911,000$
The program ended in the red -89,513,000$

[Old Cowzilla]

Any wheat here seems to be running half of normal on the good dirt and even less on the sandy shit. Will that make a difference on the world market ? All the U.S.A. stuff in the bin now for sure.

[farming101]

August WASDE lowered global ending stocks for wheat 12.62 MMT. Wheat futures up

[farming101]

Room for more....chart's not broken yet.

Give it till Aug 24-Sep 3 to show future direction

Well ok then lets not wait till the 24th.....new high in MW

[agstar77]

Adjusted for inflation grain prices have a way to go. Prices have not caught up with production costs.

[bucket]

Adjusted for inflation grain prices have a way to go. Prices have not caught up with production costs.

If you pick any year and index wheat as an example...wheat should be 24 bucks.

From 6 bucks in 1975 to today it would put us there.

Its crazy but there would be a whole different farm community if commodities indexed like everything else.

It would be more fun for sure.