| Here is an interesting read. http://www.prairiegrainpartners.com/index.cfm?show=4&id=0702BF52 It talks about the wheat situation in the world. I didn't realize . . . "The ending stocks-to-use ratio domestically is just shy of 50 percent (the highest level since the 1987-88 marketing year), while the world number is at a strong 28 percent," he said. "With weather remaining a factor in the Black Sea Region, the market could continue to find support, although at some point bearish fundamentals should take control once again." I don't want to be a bear but it sounds like there will be plenty of wheat to go around. Isn't the stocks to use ratio one of the biggest factors in price consideration? If corn and beans are riding these coat tails its probably time to get comfortable with sales. Just something to think about while waiting for market to open Monday. |