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New Mexico | NICE thing about that weather uncertainty....is it's a SURE deal for the folks closest to the dirt so to speak.
THAT means We have the EDGE too.
Another NICE thing about global weather like we've had this year ( Especially coupled to the demand aspects of the better economies in those areas with much Higher Value currencies as compared to trickle down wrecks like the usa ) is the Ups will likely be WAY higher than most dream.
Keep in mind....things like wheat are CHEAP at $8.50 to $10.00 Cash per bu.
Soy...is dam Cheap at say $11 per bu CASH.
USA Cattle are a Global give away at less than $110 cwt cash, Hogs are a give away at less than $60 cwt live cash too.
All we're doing is confirming for example the wheat highs of 07/08 ( the supposed "free" usa currency run ) AND the long term adjusted high from similiar event/weather in the 70's.
New Term highs (cash ).....could well end up $2 to $4 per bu ABOVE the old extreme highs ( 07/08 ).
From a "time frame" stand we are overdue for a 6 to 8 month STEADY run.
I think it's going to suprise some how far Back corn lags as compared to the other grains.
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When to 'fold em'
