As of tomorrow (Monday 11th Feb), all three US wheat exchanges (Chicago, Kansas and Minneapolis) are changing the daily limits on wheat from 30cents per day to 60cents per day after several weeks of nearly constant limit up trading days. Minneapolis has rallied from close to $10/bus to $15/bus plus since Jan 1 of this year. The new rules also allow for greater than 60cent daily limits if certain conditions are met... The markets are going to be interesting for the next little while.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
... [Read Article]
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