Future prices for all grains are heading lower. When do lenders pull the plug and say it does not make sense to bury money in the ground?
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When the wheat chart looks like the oil chart -
When trading I always thought at least when long, the lowest it can go is to zero. The oil chart has proven me wrong. What a disaster.Comment
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We have the resources to plant a crop , but should we cut back until the dust settles? If you have to borrow to plant a crop is it really worthwhile or are you doing it as a public service?Comment
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Many blame coronavirus for falling commodity prices, and undoubtedly it has had a huge impact. But the real cause is 39 years of falling interest rates in fiat currency. As rates fall, producers are incentivized to borrow ever more to produce ever more. It's not just farmers, but related businesses which produce goods and services that improve crop yields. The increased production tempo requires a relentless increase in the debt burden. Periodically, the debt burden becomes too great and these businesses will fail.
The worst aspect of Keynesian economics is the belief that problems caused by a present debt burden can be erased by making the same debt burden even larger.Comment
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Yes Errol’s proverbial freight train has indeed slammed into the mountain
CCP virus was just the triggerComment
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Every time the experts said quit, it paid to keep going. This is not a half in game. Someday I will be wrong lolComment
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A strong reaction off 455 was good to see.Originally posted by macdon02 View Post
I don't expect too much.
Palm oil crashed through some multi year supportLast edited by farming101; Apr 21, 2020, 14:44.Comment
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Russia will stop exports of wheat till July 1. I am not sure whether this is good or bad. Demand may be there but will anyone be able to afford to pay for it?Comment
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