Ok there has to be a day coming where we can end the day in positive territory. Even tonite beans and canola are down. Oh ya right theres fert to buy before yr end so better push the "panic" button and sell now so we wont have to sell so much later to make up the difference. Thankfully i sold some at 12, BUT it is never enough on a falling market. With rising costs to grow this crop and falling prices wonder how long it will take before acres get cut?
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Acres are dropping lots of older guys in south will
seed durum. Canola is expensive to. Grow and
getting ten is not profitable. -
It sure is funny when markets are falling, all farms are doomed and when markets are rising there is no way that the it could ever drop. Reading charts is so critical these days and really not that hard to learn. Most farms would be wise to try it. Even the pro board members could catch on i think.Comment
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WCfarmer are we not heading for a free fall.
Charts are nice but Bankrupt countries are the news of the day.Comment
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I'd hate to see 500 breached,next stop would be 400.Comment
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Drive the price down and see how the supply looks next june.
They are doing this with all commodities, making them affordable so the chinese can come in and buy. Then when the price goes up and it will, everyone will be buying from the chinese.
They are expert marketers. The cwb still owes the chinese grain from a deal made years ago. Why do you think our PROs are going down and our iniitals are so low?Comment
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sf3 there are ways to make money in falling markets as well. If you so strongly believe in the crash sell all your non boards and make that play.Comment
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I think it was yesterday I heard that oil now headed down to 90 dollars. Hate it when the chart readers are correct. Anyone ever lock in futures and leave basis open? Sorta gives the feeling one has "screw me written on the forehead with felt marker", but basis levels are also dropping. Can we get another 13 dollars per ton from the basis?Comment
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Wow its a free fall day today started in over night trading. Stocks all down. American dollar index up 3/4 of a penny to 79. Cotton what is your opinion on the American dollar? I think as long as the Europe is in financial trouble there will be strength in the US dollar which is bad for grain prices. So I am told.Comment
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Let The Bitch Fall to $300. Should Fix alotta Sob's. Still have High Cash Rent Offers Outstanding fer The 2012 Crop Year. Current Renters are Hemming & Hawing if'n theys should Pay & Smile. She falls to $300, Theys out The Game, We'll Squeeze a Profit out, Just get Me AlldaLand.............Comment
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