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Guess wheat is going back to $5.00 on futures.

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    #11
    Hobby you can really be a prick sometimes. Show some empathy to your fellow man.

    This is a blog from his wife that I follow.

    http://www.nurselovesfarmer.com/2014/09/what-snow-in-september-means-for-farmers/

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      #12
      Mother nature is a bitch - no two ways about it.

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        #13
        gustgd, thanks for posting that link.

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          #14
          Didn't have time to post the hot links before.

          MGE monthly wheat,
          [URL="http://futures.tradingcharts.com/chart/MW/M?anticache=1410628799"]Hard Red Spring Wheat[/URL]

          KCBoT monthly wheat,
          <a href="http://futures.tradingcharts.com/chart/KE/M?anticache=1410628999"target=blank>Hard Red Winter Wheat</a>

          FWIWorth, CBoT monthly wheat,
          <a href="http://futures.tradingcharts.com/chart/CW/M?anticache=1410629238"target=blank>Soft Winter Wheat?</a>

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            #15
            Prices will keep going down until production drops or demand rises. Dont see demand increasing any time soon.

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              #16
              So Investors can buy and sell land. If a farmer sold his land and bought it back its all bad tax wise. Cannot see a farmer buying land back. Just dont make sense.

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                #17
                Gustg,

                I re read my post, then looked at the weblink blog about the snow. That is very bad and I do empathize.
                Originally, I was catching up on the globe and mail guy. I really think if he can grow wheat for $2.50/ bushel and sell for $5.00/ bushel that is better than most farmers and they will be in a good position to do more. I didn't write the article, I only read it, and interpret it in the manner a non farming person would. Obviously the circumstances have changed. Weather has beaten up most farmers on more than one occasion.

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