RURAL REFLECTIONS Fit to Fight
I just got done watching an installment on a television morning show. The title of the piece was Unfit to Fight. It told how a high percentage of America's population does not fit into the mil... Posted on 3/11/12 at 5:59 AM
If you have a contract for your mustard, count yourself lucky, at least if you’re in any hurry to deliver. Mustard is beset by the same transportation problems that every other crop has in this year of record supplies — lack of transport.
Wheat traded on the defense last week, losing ground in almost every session. Selling pressure was caused by poor exports and a bearish Statistics Canada report (which reported record Canadian production). For the week ending Dec. 5, March Minneapolis dropped 23.25 cents, March Chicago dropped 16.75 cents, and March Kansas City dropped 25.5 cents.
Wheat started the short Thanksgiving week with small gains, but gave back all of those gains and then some on Nov. 26. By Nov. 27, wheat was able to recover and trade with gains in winter wheat exchanges, but Minneapolis remained under pressure from first notice day. For the week ending Nov. 27, December Minneapolis dropped 9 cents, December Chicago gained 1.75 cents and December Kansas City picked up 11.25 cents.
In contrast to the North American harvest, with its fabulous yields and quality, the southern hemisphere wheat harvest, under way now, isn’t so good. Earlier Australian frost is showing up in quality damage.
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