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New Year and the Ag Economy ?
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<blockquote data-quote="Oldtimer" data-source="post: 479987" data-attributes="member: 97"><p>I saw several commodity traders on TV last night (an Aussie TV show) from all over the world (US, Canada , Europe, Australia, and Asia) and there was pretty much a concensus that wheat prices will slowly drop- down to around $7-8 bushel in the shortterm-- but then take a jump back up and by next August be in the $14-15 range...Thats the good news... <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big grin :D" loading="lazy" data-shortname=":D" /> <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big grin :D" loading="lazy" data-shortname=":D" /> <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big grin :D" loading="lazy" data-shortname=":D" /> </p><p>BUT</p><p>They also think that the US's economy is going to tank- causing worldwide runaway inflation that will leave that $14-15 wheat with less buying power than $3 or $4 wheat of a year ago-- and the $9-10 wheat of today ... <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite3" alt=":(" title="Frown :(" loading="lazy" data-shortname=":(" /> <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite3" alt=":(" title="Frown :(" loading="lazy" data-shortname=":(" /> <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite3" alt=":(" title="Frown :(" loading="lazy" data-shortname=":(" /></p><p></p><p>I went shopping today with Grandma--let her go shopping while I met all the husbands that were also shopping at the Waterhole ;-) ........ </p><p></p><p>Anyway while there I let the owner of the local implement dealership buy me a couple of Christmas cheers-- and we got talking about those commodity (wheat) price predictions...He said he just came back from a national dealers meeting where the corporate ownership was predicting much of the same...In fact they said the economy was in the dumps so bad that they were looking at possibly 8- 10 years of bad times for the total US economy-- but that those 10 years of bad times for the economy on a whole could mean 10 years of good times for the farmer/grain producer/ ag equipment dealer... </p><p></p><p>Good times for the farmer-- means questionable times for the cattle producer -especially with the new energy policy payments/requirements, which will take up so much more farmland over those 10+ years for renewable fuels.... Which to me also points more to those breeds/types of cattle that can finish out the fastest on the leastest and on marginal type grassland/pasture/feed.... But how much a pound will those cattle have to bring - to pay the costs of this upcoming new global economy where the current administration is trying to get our dollar to the value of yuan or the peso????? :? ........</p></blockquote><p></p>
[QUOTE="Oldtimer, post: 479987, member: 97"] I saw several commodity traders on TV last night (an Aussie TV show) from all over the world (US, Canada , Europe, Australia, and Asia) and there was pretty much a concensus that wheat prices will slowly drop- down to around $7-8 bushel in the shortterm-- but then take a jump back up and by next August be in the $14-15 range...Thats the good news... :D :D :D BUT They also think that the US's economy is going to tank- causing worldwide runaway inflation that will leave that $14-15 wheat with less buying power than $3 or $4 wheat of a year ago-- and the $9-10 wheat of today ... :( :( :( I went shopping today with Grandma--let her go shopping while I met all the husbands that were also shopping at the Waterhole ;-) ........ Anyway while there I let the owner of the local implement dealership buy me a couple of Christmas cheers-- and we got talking about those commodity (wheat) price predictions...He said he just came back from a national dealers meeting where the corporate ownership was predicting much of the same...In fact they said the economy was in the dumps so bad that they were looking at possibly 8- 10 years of bad times for the total US economy-- but that those 10 years of bad times for the economy on a whole could mean 10 years of good times for the farmer/grain producer/ ag equipment dealer... Good times for the farmer-- means questionable times for the cattle producer -especially with the new energy policy payments/requirements, which will take up so much more farmland over those 10+ years for renewable fuels.... Which to me also points more to those breeds/types of cattle that can finish out the fastest on the leastest and on marginal type grassland/pasture/feed.... But how much a pound will those cattle have to bring - to pay the costs of this upcoming new global economy where the current administration is trying to get our dollar to the value of yuan or the peso????? :? ........ [/QUOTE]
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