CP, are you saying that the gold reserves were liquidated in 96?
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Yes,give or take a year or two.Comment
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Sask & Rod;
Here is the DTN Report calling this "April Fools"...
"When the wheat market opened 27 cents higher Monday morning, commercial traders on the floor in Chicago were surprisingly quiet, implying that most of the bullish trade was coming in from the side-by-side electronic market. One might conjecture that the smaller noncommercial (speculative) traders using the electronic market were less familiar with the true implications of cold weather on hardy wheat plants -- until steadily lower trade taught them to wait and see just what damage actually develops."
Most of the wheat that has the most damage is not headed & is not yet blooming... this is when it is really sensitive to frost. It can tiller and come back even thicker.
I wouldn't bet the farm on a big drop in US wheat production!Comment
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cp, just curious as to who it was in gov't that actually made that decision back then and what their reasons were?Comment
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