Re: Grain markets

Posted by Shane on July 17, 2004 at 12:25:57 from (66.228.102.245):

In Reply to: Grain markets posted by Dan on July 17, 2004 at 06:21:34:

Same thing that happens every year. Rains a bit here and there and suddenly we have a record expected yield! I blame the yuppies on Wall Street who are playing the markets to make money. They control the price really. But think about this, when is the last time that most all cash price bids on beans were about 30 cents over board of trade price? I seriously think that the big processors claim to have a lot of on hand beans to drive the price down till they can buy enough to last another month. The big question is are there any left out there? So who has any and how many do you have? We are at the lowest ever carry over and running at near high demands with not much potential for a perfect growing year. Yet beans have plummeted over the last week or so. I see one t-ed off bull just waiting to get out and run again but someone else must know better than me! If we only knew for sure how easy and rich we could be, ha ha!

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