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PB and RC have summed up perfectly here.... ;)

So TC...do you suppose that taking a futures position when wheat is at or below cost of production would be a good idea...? Surely a no brainer.... How long can wheat be produced at cost...? You guys produce year in year out so what's the diff....I'd be taking a position for sure. Mind...

If I may add something....Agriculture is a long term investment, same as resi property. You need to take the long term view and therefore benefit from the highs as well as cop the lows...but be patient enough to ride until you have more highs than lows... As TC said, it's all Supply &...