Say Anything Blog

"wheat blows past $20"--That is for old crop of which there is very little in the country. It is at that price because of supply and demand. Alot of demand and no supply. New crop price is at $12.00. Given the rise of inputs,fert.,chem., etc I don’t think much sod will be “broken” for wheat.

Interesting that they’re buying wheat for $12/bushel for new crop and $20/bushel for old, and I’m still buying flour (and good stuff, high protein & so on) for less than $3/5 lbs, or about $30/bushel, I’d guess.  Seems that the markup on food isn’t that good.

Thanks, Cub & Rainbow!

Thank the people who bought into government subsidized ethanol for our higher wheat prices.

Liberals = protecting the “common man” by making his food more expensive.

The farmers are raking it in (corn prices are high thanks to ethanol as well), but I’m sure there will still be a “disaster” this summer so that Kent Conrad, Byron Dorgan and Earl Pomeroy can ride to the rescue on the back of another couple of billion dollars worth of our tax dollars.

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.

-- Thomas Jefferson

Rob’s recently listened-to songs:

I know it’s last years crop, but demand from China continues and that March bench mark will make farmers take notice. How can they NOT take land out of CRP and put it into corn/wheat?

for a different view of outdoor news check out http://www.outdoornewsguy.com

"farmers are raking it in” Only if they have grain on hand. Most wheat was sold at 6-7 dollars. Corn in the 3 dollar area and beans by 7-8 dollars. If they are locking in cash contracts or using options to lock in a minimum price for this fall and they GET A CROP farmers will indeed be raking it in. So will state coffers as farmers update machinery,trucks(semi’s), grain trailers, bins etc etc. They economy in farm country will boom.

“how can they not take it out of crp"--The market is saying that’s what is needed. It was a management decision by the farmer to put it in crp and it will be a management decision to take it out.