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| Traders spreading old/new....could be dangerous. Production problems around the world and stocks running low....much lower than gov agencies are reporting. The pressure is on the US 2021 new crop to be the biggest ever. Don’t forget....Mother Nature bats last. If we have any sort of a hiccup in production they will blow the top off of old record price levels.
You’ve got to think further out than the present. There is a reason the spreads have widened tremendously the last 3 weeks. The end users want it and they want it now. There is a serious threat to world feed grains. This growing season could provide fireworks like never seen before.
Edited by Joe R 1/28/2021 20:01
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New crop getting abused
