Feb. 23: CBOT front-month #corn futures slip below $4/bu for the first time since Nov. 4, 2020.
It's happened relatively fast, too. Here's the last time front-month 🌽 was at each level:
$5 - Oct. 20, 2023
$6 - July 14, 2023 (late June for non-delivery period)
$7 - Oct. 31, 2022
@christo48953764@James_Akrill@tractorman07 Wheat “should be £500” is ridiculous. It does nothing but alienate the producer, from the consumer.
Farming, and the production of food need to be respected, by all that consume it. That’s everyone! and everyone is feeling the pinch.
So please, let’s not be greedy.
🇧🇷#Brazil's largest farm coop is reporting significantly larger grain stocks vs a year ago because of the big harvests & slow farmer selling. This comes at a time when farmer bankruptcy filings are rising in the country, potentially compromising the execution of grain contracts.
Commodities pushing the negative button again today, yet equities tickle up.
Apply logic, and you’ll end up in an asylum.
Bear with, while remembering;
Algorithms have no respect for COP.
Or jubilation of profit.
Or sympathy of loss.
@farmerThomo Come November 1st ; you’ll owe me. Beer.
Or, should I be wrong, I’ll pay for you, Fiona & the kids for a Florida Disney trip.
As the marker; Nov wheat closed @ £182.75
And I’m giving you a head start with CBOT closing well down post London close.
Fucking algorithms.