Does Not Look Good. Cost of Production Workshop Set. This has been a hard newsletter to write.
Prices are at very depressing levels.
I kept hoping to be able to write some good news. Few felt good about market prospects so negative feelings are pretty wide spread. Each of you should make the time to keep informed on market conditions. I think the odds are greater that wheat prices will continue to fall over the next 12 months than they are that prices will rise. I think there are more reasons to be pessimistic than optimistic about wheat prices.