??? Excuse me. Even if they put all of the conservation land in to production tomorrow (which is impossible because it would take years to get the soil in decent shape) there would be barely enough to cover demand. If the rest of the worls would ever get their poop in one bag it would be a different story but that isn't likely to happen anytime soon either.
Lol that's a funny chart. Just remember that one day it will break out and keep going! FWIW I have been surprised by the *lack* of attention soybeans have been getting recently.
Proflogic my hats off to you man! I never would have thought we would trade that high in july wheat and I have lost a few bucks on this recent rally. Once again great call but I still think im right in the long term.
i agree with young trader, but proflogic was very right and i think the charets are looking kinda bullish for both march nad july but just wait my friends export season is starting very soon, until then happy trading. and look to bear spread july march when it hits -1.50 that is one hell of a trade
Long range it will pull back but not until we breach substantially to the downside, we will continue to play up here.
I have 3 friends who work the pit at MGX. From what I gather the vast majority of their trades are spreads. They are always looking for ways to hedge. I do not trade the grains but I like to keep an eye on them. I pretty much just trade the ES.