mark guildenzoph 02/19/2013 @ 11:49am
If any of this information is correct and they do return to pre-drought prices I believe it would be economic grain market suicide!! With such a dry year and lack of returning moisture this winter in the US what makes anybody believe that there will be a crop this year?? If its advice you are all seeking the most logical move would be to buy or hold onto all your paper. I'm almost curious on how much money these profit takers would lose on a double drought? However it might level the playing fields for the everyday farmers.
chad borman 02/19/2013 @ 2:51pm
Remember the cbot could care less about the farmer,they only care about the investors. If beans do go down to $11 I would assume the cbot and USDA will guarantee at least 50 bu acre beans for every farmer regardless of weather.
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