I watched Jim Bower on CNBC today commenting on the grains complex. One must understand that during hyperinflationary times such as the one we are in , all commodities boats rise with the tide, we are late getting to this party, but mark my word, we will get there. I've noticed the irregularities in the grain pits as of late. It should be noticed with the utmost of importance that hedge funds have thrown out the present near by fundamentals such as the huge carrytrades, and are placing there bets 12 months out. The downside in prices for all grains is very mute and limited and I would not be locking in any contracts as the fat lady hasn't even begun to sing our country song yet. Jim Bower seems to be singing my same tune. He said that corn usage will rise in the magitude of 35-40% more this year globally. With a swooning US dollar, this is rubberstamping that scenario. He furthur went on to say its imperative that the US farmer puts out another record or the same production as last year to compliment rising demand but he's extremely worrisome about the fact that the carrytrade in corn will diminish quickly to half of what currently stands in o5's year end production. This equates to much much higher prices, with this extreme weather /cool /wet phenomena happeing, the lowest barometric pressure ever experienced in the month of May in Michigan alone, complicates spring planting and emergence. I will not sell one kernel or bean seed as hyperinflationary times are upon us and we will be singing the metals and energy high price chorus together. Don't let them steal your grain, just look at what the Brazilian farmers are doing.......
