It's not in the bin! Lentils are very difficult to estimate yield. No disrespect Klause, not many flowers, lots of green growth.
We have another 4 or 5 weeks till harvest starts, and it isn't drying down very fast today. Today one of the hottest, high humidity days I can remember for a long time. We aren't very close to the equator, or ocean.
Way more yield and quality risk, than most understand. It doesn't really matter what or who sees the satellite pics, they have to make a decision, buy - hold or sell. Farmers with feet on the ground, crop experience, market intelligence also have to make decisions, sell -hold- but out, just two ends of the spectrum. Many farmers have a network of friends, Twitter or other wise which is also effective.
Should farmers try and buy out the contracts, or resell them? There is no effective hedge mechanism for farmers under these circumstances.
What are the big exporters going to do? How or at what price, and time line can they ship?
We have another 4 or 5 weeks till harvest starts, and it isn't drying down very fast today. Today one of the hottest, high humidity days I can remember for a long time. We aren't very close to the equator, or ocean.
Way more yield and quality risk, than most understand. It doesn't really matter what or who sees the satellite pics, they have to make a decision, buy - hold or sell. Farmers with feet on the ground, crop experience, market intelligence also have to make decisions, sell -hold- but out, just two ends of the spectrum. Many farmers have a network of friends, Twitter or other wise which is also effective.
Should farmers try and buy out the contracts, or resell them? There is no effective hedge mechanism for farmers under these circumstances.
What are the big exporters going to do? How or at what price, and time line can they ship?
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