@billionare81 If we see an early frost this year (like Sept ‘74) then maybe that will change.
1974 was an awful year for production so the comparison to 2025 isn’t quite fair.
It's pretty easy folks. You just have to recognize that we're trading weather, money flows, recessionary fears, wars, rate hikes, global headlines, energy shortages, acreage report, broken supply chains, and unknown future demand. #Grains
@chigrl market is probably not pricing in an OPEC that is near 100% capacity right now.
Big budget holes to fill in OPEC nations many who need to buy expensive grain. The discipline needed to throttle production right now is rare.
@BrynneKKelly Are you referring to the "convenience yield" of holding inventories in a rising volatility environment. As espoused by Pindyck?
https://t.co/FxutCmNWLd