Here's a great article on how the carry of around $1.00 in July 2011 CBOT wheat could cause farmers and elevators to store more wheat, affecting [storage capacity for] corn and beans when the harvest comes in and a possible resulting glut.

Jeff Watson, surfer, speculator, poker player and art connoisseur, blogs as MOTU.

Michael Ott writes:

Do you have any idea of the amounts of wheat involved? I ask because of all the farmers I know, just one has planted wheat and will hold on to it. Therefore, is this going to be widespread enough to have an impact on markets? Or is it a small factor that won't matter much, given the massive volumes of commodities involved?Granted, I'm in Iowa, which isn't exactly wheat country, so my sample might not be representative.


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