And adjustments due to foreign currency manipulations.
What's export wheat these days, $300 a bushel? And corn about $250 so we can have plenty of ethanol and still afford corn on the cob and beef? At least with the corn you can always ship them ethanol to eat.
And as an aside, does anyone know if the Three Gorges Dam project could end up like Aswan has, making things worse not better?
Regards
>>>>>>>>>>So, limits on exports so wheat stays reasonable here.<<<<<<<<<<<<
Too late maybe? per IPTV 2-11-11
Sur Martin re Soybean 2011 crop essentially sold already.......
Market-to-Market
Sue Martin Analyzes the Volatile Commodity Markets
posted on February 11, 2011
“...But, you know, what, that’s a little way of maybe rationing us for the moment, because we’ve got 89 percent of our beans that were targeted for export by the USDA for the whole year already sold. And so we need to slow our pace up a little bit. Half of the year is still here.
Pearson: Sue, with these bean prices, you’ve got to make sales here too, don’t you?
Martin: Absolutely. We pulled the trigger when we hit 13.98 this week on November beans for about 20 percent. We missed our trigger on the March beans when we said to sell old crop 25 percent of what you have left if you touch 1458. Unfortunately we got within 2 1/2 cents and we didn’t get it. But I think it will come back. In fact, I’m almost tempted now to pull that sell recommendation on old crop and step back because now if we come up after a lower weekly close and look at that level, we’re probably going to go higher. So I think we still have some better times yet...”
http://www.iptv.org/mtom/episode.cfm/3624/video/mtom_20110211_3624