I'm kinda disappointed that Russian drought thing happened all of a sudden and the price skyrocketed. Droughts don't happen overnight. Some of that market funny business.
Same funny business goes into the basis. Watched the basis for wheat go from .45 to $1.25 in a year. I thought basis was supposed to reflect transportation costs to market. Gas didn't go up that much. Two elevator companies 20 miles apart can have have a .40 or difference in basis. Then we have the difference in basis between grains. Milo was anywhere from .58 to .70 for basis and wheat is a lot higher. Last time I looked, rail cars and trucks don't care what goes inside them, the price to transport grain is the same. End of rant.
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Today's Featured Article - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want … unless you own a monster tractor. U
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