Posted 2/5/2010 04:28 (#1058735 - in reply to #1058398) Subject: RE: Wheat Planting Intentions
No, my fault Senior. I believe domestic acres will be dramatically lower. Especially Spring Wheat. Question is, will world acres drop dramatically also. Low acres and low prices will eat that huge ending stock number.
Current Fall futures price,less local basis x average to slightly above average yield= DISASTER.
Wheat Planting Intentions
