World Perspectives
feed-grains soy-oilseeds wheat

Some Random Market Thoughts

I am in Western Australia (WA) this week, almost exactly half-way around the world from home. That also means an inordinate amount of time on airplanes. That means a lot of time to do some thinking, although the quality of much of that time might be questionable.Here are a few thoughts as we begin the month of November:

Back in June and early July, it appeared that WA might be headed for another crop disaster. The month of June was one of the driest on record. However, the weather pattern made a significant change for the better and so did crop prospects. WA's 2013 crops will not set any records, but what once might have been a 6 MMT wheat crop could now approach 10 MMT. The canola yield potential is also very good. Harvest is getting...

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