There is more down side risk than upside potential in this market. Thats not to say that we wont see a short term rally even higher. I'd start locking in prices over 6 for corn and 13 for beans if there is any way you can cover that with production. Last night on ag web they were saying that at current corn and feeder prices there was no way to lock in any profit with fat cattle. So, the fed market has to go higher or the rest have to come down. My guess, and thats all it is, a guess, is the market has gotten ahead of the economy.
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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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