Doesn't matter now, sold the milo last Thursday for $5.51 Heard reports of year end profit taking may drive the price down. Can't pay storage forever. Sold the wheat last summer at $4.25. That included the 2009 crop we were sitting on. It is now up to $7.50. Oh well. I remember the last time wheat approached $10. I waited and then it dropped. Sold it for $4.80 after it had been around $9. I give up on thinking about hitting the top and maybe best policy is to sell across the scale. In light of past performance, forward contracting may be on the horizon to lock something in. Other than that, I read the markets should remain strong for a while and generally follow the price of oil. There will always be peaks and valleys.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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