LIMIT DOWN! When will it stop?

[bucket]

For the first time in my farming career I used last years crop to put in this year's.Took alot of off-farm work but I managed it.

I am not giving this year's crop away and filling what I signed then storing the rest.

[boarderbloke]

FYI, today(Tues) soybean trading limits will expand to $1.05 from yesterdays $0.70, due to the limit down move on Monday!

[wilagro]

Isn't it nice to know that your return on your farm is almost TOTALLY determined by non-farmers, for the most part, busy gambling with supply and prices of your grains on the various stockmarkets of the world. These slimeballs work with very little government control to make profit on your labour and investment.

Keep it up...these parasites are waiting for the harvest.

[charliep]

Interesting note that the US futures market has turned positive (at least at 11:00 am). Likely an indication that the market has found value and commercial buyers (those who want product) are willing to step up to the plate. The leader (interesting enough) is wheat.

wilagro - Based on your knowledge, does the CWB use the US wheat futures markets? If they do, are the evil speculators a good thing or a bad thing? As a hint, you might want to check out the 2006/07 annual report.

[wilagro]

Of course legitimate marketers of grains use "futures" and "futures trading". It is part of the long established trading structure.

The ins and outers looking for a quick buck are the villains and I suppose they will always be around.

[charliep]

Interesting the market is up nicely today. (at least at 11:30 am) Likely some profit taking on the short side/postioning ahead of next Tuesday USDA report. Will be the first report with farmer survey based yield data for corn and soybeans.