Hi RNO,
thanks for that info.
I know next to nothing about crops, despite growing up in Wisc. farm country.
About 6 months ago I started looking at WEAT because I saw it hovering around 10+ year lows. I took a small position to keep my attention on it and also, I think, because it just kind of irritates me that physical STUFF that requires so much effort to produce has to be given away for peanuts…..while Federal Reserve notes that require no effort to produce can multiply without consequence.
So I guess I bought as a protest. I will probably hold it until it goes to zero. that’ll teach ’em.