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#1
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Wheat prices
The Australian wheat crop is now estimated to be down 53% because of
drought. http://www.iht.com/articles/74739.html Some areas of the USA have also had reduced production because of drought. If you happen to be raising wheat in an area that got good rains last year, you might actually make some money for once. My mother is holding her wheat until after the first of the year, mostly for tax reasons, but she may do well with that timing. -- http://home.teleport.com/~larryc |
#2
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Wheat prices
I was reading that there is a shortage of wheat seed in Southern
Illinois. I know lots of people around here are planting wheat. Usually no one does. We aren't, but maybe we should be. Jena |
#3
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Wheat prices
I talked to the grain merchant that sold to when I was farming and it seems
lots of people are following your aunt's strategy. He said the higher the price the less he is offered. He is not selling any of his stocks either. He thought he might start shipping some next month. But he may have a million bushels to move so he can't sell it all on one day. Late summer rains in Oklahoma look good for wheat and planting intentions are high. I haven't paid much attention but I am sure a lot of grain is in the ground already when they should be just starting unless they are using it for pasture. Gordon. "Larry Caldwell" wrote in message ... The Australian wheat crop is now estimated to be down 53% because of drought. http://www.iht.com/articles/74739.html Some areas of the USA have also had reduced production because of drought. If you happen to be raising wheat in an area that got good rains last year, you might actually make some money for once. My mother is holding her wheat until after the first of the year, mostly for tax reasons, but she may do well with that timing. -- http://home.teleport.com/~larryc |
#4
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Wheat prices
I was reading that there is a shortage of wheat seed in Southern Illinois. I know lots of people around here are planting wheat. Usually no one does. We aren't, but maybe we should be. If a lot of people are planting it who usually don't, doesn't that imply a forthcoming glut? What do the people who are suddenly planting wheat USUALLY plant? |
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