Sunday, April 08, 2007

Bloomberg.com: Commodities: US wheat prices react to freeze warnings

Bloomberg.com: Commodities

Now I don't know , but is this the type of thing a Canadian producer will be watching if the Wheat Board no longer controls our market.? The post is about a weather driven (freezing in this case) rise in wheat markets in the states. A weather market is a tricky thing, driven by good news/bad news, and results in false spikes and dips.

I'm not saying this is good or bad, often weather market movement is irrelevent anyway, but the board does tend to take minor moves out of the market. Critics say it takes the tops off a good market and that is an excellent point.

I agree! I'm pretty wishy-washy on the subject.