Where are wheat’s legs coming from?

[errolanderson]

Errol

Do you think the bank of Canada went too high with interest rates and too long at these higher rates?

I heard Maklem say it takes a certain amount of time to see the effects from raising them but he never stopped.

3 percent would have been the number to stop at in my opinion and now they might have to go to 2percent in the decline..

Extremes don't help the economy.

Sadly these guys are paid lots of money to guinea pig their ideas.

Bucket, Central bankers are fixated on inflation, not the burdensome debt crisis driving the middle class toward poverty. They have effectively made a bad situation far worse chasing the rabbit down the wrong hole.

The consumer will solve inflation, not central bank policy. Just look at the hamburger wars just beginning. Asset values are tumbling.

Bank policy is always a knee-jerk reaction, not forward thinking.
Dropping rates is helpful, but the crunch of this fallout lies ahead.

The bone I’m grinding is; Canada has been in-recession for more than a year now. The U.S. is in-recession. Central bankers strong motive to kid Joe public that a recession hasn’t arrived. Politically motivated? You decide.

[AlbertaFarmer5]

Sounds like excellent conditions in Argentina right now:


We are talking about minus four degrees (Celsius) in the northern area of Buenos Aires," the exchange's head of agricultural estimates, Cristian Russo, said in the statement, which detailed that the region is registering its driest July in almost six decades.

https://www.noticiasagricolas.com.br...diz-bolsa.html

Edit. I see I didn't identify what the article was about. Is regarding the wheat drop in Argentina. You can translate the article using google.
Argentina would be only a month away from planting corn and soybeans with a large chunk of the prime growing areas being record dry.

[furrowtickler]

Cold in parts of Australia as well

[shtferbrains]

From Chuck Penner @LeftField.com

Alberta now below average.

[ajl]

Be nice if wheat or anything could find some legs now. Average crops will be loosing money at these prices. Just keep repeating: deflation doesn't exist.