Quote:
Originally Posted by Hog's Gone Fishin
We're reliving 2008, that's the year that did me in with $8 corn.
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2008 was the year wheat went nutty. 2012 corn went to $12, so be glad you didn't have to stock up on that shit.
But even back in 08, the elevators would still offer a bid on the July contract for wheat. My coop and Garden City Coop are the only elevators still offering bids on the July contract. Everyone else has moved to the Sep (ginormous inverse carry) or offering no bid at all.
A broker told me there was an end user that was trying to buy wheat, delivered like now, of the July 2023 futures. Nevermind that that is 20% off the July market.
That shit didn't happen in 08.