the brutality of corn

[fjlip]

What if the world is has many short crops?

[hedgehog]

if the 1973 scenario is replayed, when the russians covered up their crop failure, as some agencies seem to be copying re the usa drought, prices could triple to new levels unseen before.
in 1973 wheat went from £30 to £100 in 3 months so i am told.
repeat that today and wheat will be $20/bu

[ASRG]

Maybe Harper, Obama, and Cameron should cap the price.....for the "public good" of course?

[cottonpicken]

What was a dollar worth 70 years ago..mmm..and
wasn't it made of silver..convertible to gold at 20-no
wait 35 to 1 and corn was how much a bushel..and
todays value...let me check my numbers...no wait i
must have..screwed a decimal place or 2...

[oneoff]

Grain prices will go to levels to where they go to.
Wouldn't it e just too bad if farmers actually made some real profits in this price spike event. Just remember that someone will; and I'm pulling for some relatively huge farmers profits for those who happen to have the ohysical product. Do't sell yourself short; just because industry spokespersons are trying to talk things down.

Remember the bumper corn crop that North America was to produce (last spring) and now the same BS about a South American crop that probably hasn't quite been sown yet.

Inject some farmer's instincts in your marketing decisions too.

[highwayman]

Errol I really appreciate your comments here and
all your insight but with all due respect ,with all
your Bearish talk in the last number of months, if
you ever turn bullish that's when I become very
concerned. Keep posting

[Horse]

I dont know about 30 yr ago but 40 yr ago I sold bly $2.50 to the fed mill in Red deer hogs were $.60 that fall and a pen of fat hfrs (140)well not quite fat but they cleaned out the pen .$.44.50 FOB my yard.
Gas was about .18 per gal farm price and my taxes on 3 1/4 was $40.00
To think bly may hit 6 or 7$/bu I would say its about time. What are hogsabout .74 fats $1,08 taxes $1500.00 on same 3 1/4s.
Where did we fall off the wagon and get left so far behind?

[ASRG]

We became "efficient"!

[TOM4CWB]

Errol,

It is important that we 'feed' the market on the way up. The self dicipline of growers is much more rational than the CWB thought possible.

One BIG mistake the Old CWB made... was to mistrust growers and call us all fools... telling us only the CWB 'single desk' knew how to sell our grains.

NOW the CWB will pay a huge price for this past foolishness... 'single desk' head in the sand ... annoyance they staked their future on.

WHAT a shame ExChairs Oberg et.el; the seven ostiches... and past CWB managers were soooo arrogant... to mistrust the very people who were their future... and reck a perfectly good marketing opportunity for decades. $Billions were lost and only proved left wing command and control is a VERY inefficient system.

[blackpowder]

I've never met Errol. For me he's another soundbite or quick read opinion. Like all other 'advisors' never touches on a Prediction.
Nothing on this site should register more than a 1 on our giva shit meter.
Sometimes we all get bitchy. Oh well.