Thursday, December 11, 2008

Peanut Industry Meeting

We are at an industry wide meeting in Atlanta right now. What a fun way to spend my birthday. Actually, it is nice to have a chance to search the views of others to see if anyone has the answers to the major question farmers have, "what should I plant."

I think the peanut market will be soft and we are in for a roller coaster ride of feast and famine. A commodity analyst today basically said he feels energy is at a low and will increase and that commodity prices are also poised to increase.

As for peanuts there is not much discussion of price and I see an industry in a wait and see mode.

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