I'm kinda disappointed that Russian drought thing happened all of a sudden and the price skyrocketed. Droughts don't happen overnight. Some of that market funny business.
Same funny business goes into the basis. Watched the basis for wheat go from .45 to $1.25 in a year. I thought basis was supposed to reflect transportation costs to market. Gas didn't go up that much. Two elevator companies 20 miles apart can have have a .40 or difference in basis. Then we have the difference in basis between grains. Milo was anywhere from .58 to .70 for basis and wheat is a lot higher. Last time I looked, rail cars and trucks don't care what goes inside them, the price to transport grain is the same. End of rant.
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Today's Featured Article - Threshin Demonstration - by Michael Delaney. Introduction I bring you greetings from Prince Edward Island, Canada. We are Canada�s smallest province but big on farming. Maybe you�ve heard of us. Potatoes are our biggest crop. However, there is lots of mixed farming here also. I have a small mixed farm with 25-30 cattle. I make very good use of old machinery. I have a 135 MF Diesel, Farmall H and 1/3 share in an Allis B. I have complete lines of tillage and harvest equipment, and a saw gear etc. I have everything one would
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