I've heard that too. Sure glad I don't farm in Canada. Lot of people in the USA - or canada for that matter - don't understand how socialist & anti-individual that thing is. You can't sell a bu of your own wheat up there. Govt sells it for you, gets around to getting you a check several months later with an average price of what they got for it.
Horrid thing.
Rumor is they are short on wheat - have less than they promised to sell - and since then the price has gone ballistic trying to buy that wheat. If true this puts the Canadian Wheat Board in a bankrupt condition, but of course govt bodies can't die, so any wheat grower or wheat consumer in the world is going to pay for this - if it is true.
Any big wheat consumer realizes the current high prices are artificial. Anyone who had real wheat to sell sold most of it a long time ago when it was at $9 or so. Now if it is at $20, it is a great big fishhook dangling in front of farmers to try to get them to plant more spring wheat in the next 3 months. After that, prices will return to high, but understandable levels. Current price levels are bribes to plant acres to wheat so there is no shortage in the next 12 months.
Much of the current grain prices have to do with the Pasific rim countries trying to better feed it's growing population - and they are beginning to have better paychecks to buy that food with. As well the very low USA dollar makes our grains look cheap to the rest of the world. Soybean prices might look abnormally high here at $13 a bu, but to China, our beans look like a bargin compared to the cost of Brazil's soybeans. It's the realitive values of our currency that has made USA grains sell so well.
Real complex, I sure don't have all the answers, like you said, don't anyone bet the farm on my drivel.
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