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<blockquote data-quote="John Slejpner" data-source="post: 6806843" data-attributes="member: 819"><p>I believe harvest 20 wheat now has ZERO chance of making £200 a tonne.</p><p></p><p>Covid-19 is half the problem.</p><p>Russia is asserting its soft power by crashing the oil price - the permanent? destruction of US shale industry seems to be the objective, which might take 2 years.</p><p>Crashed oil price allied with broader recession / depression equals less, little or no incentive to throw taxpayer money into any sort of bio-fuel. Plus base demand will be on the floor awhile. </p><p></p><p>The $64000 question might be "Will US corn growers get the message before planting 100 million acres of the stuff, 30-40 % of which is destined for ethanol?"</p><p></p><p>Someone pls tell me i'm talking cobblers - i was mildly bullish long term a week ago...now i'm mildly bearish on prices even where they are now.</p></blockquote><p></p>
[QUOTE="John Slejpner, post: 6806843, member: 819"] I believe harvest 20 wheat now has ZERO chance of making £200 a tonne. Covid-19 is half the problem. Russia is asserting its soft power by crashing the oil price - the permanent? destruction of US shale industry seems to be the objective, which might take 2 years. Crashed oil price allied with broader recession / depression equals less, little or no incentive to throw taxpayer money into any sort of bio-fuel. Plus base demand will be on the floor awhile. The $64000 question might be "Will US corn growers get the message before planting 100 million acres of the stuff, 30-40 % of which is destined for ethanol?" Someone pls tell me i'm talking cobblers - i was mildly bullish long term a week ago...now i'm mildly bearish on prices even where they are now. [/QUOTE]
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