in the east old seasons cereal prices are being set by the weakest sellers. there will be cary over of old seasons grain,and $100 is being mentioned as the price that poor quality feed grain will be worth when motivated sellers have to clean out on farm storages for the upcoming harvest.
---as an old agrarian socialist,i mention that the old flawed pool systems used to smooth out fluctuations,and fund grain carryover between seasons. now the market tends to overshoot on the downside ,on very low volumes,as the most vunerable set the sell price. quality grain and professional business models cannot gain a higher price for a bulk commodity when the weakest seller sets the benchmark price below production costs.
