Joe Hoyle (15 Apr 2008)
"Repy To Gina"


Hi Gina,
 
Below are the three biggest publicly traded Wheat types today.
 
<<<<<Hard Red Spring — Hard, brownish, high protein wheat used for bread and hard baked goods. Bread Flour and high gluten flours are commonly made from hard red spring wheat. It is primarily traded at the Minneapolis Grain Exchange.
 Hard Red Winter — Hard, brownish, mellow high protein wheat used for bread, hard baked goods and as an adjunct in other flours to increase protein in pastry flour for pie crusts. Some brands of unbleached all-purpose flours are commonly made from hard red winter wheat alone. It is primarily traded by the Kansas City Board of Trade.
 Soft Red Winter — Soft, low protein wheat used for cakes, pie crusts, biscuits, and muffins. Cake flour, pastry flour, and some self-rising flours with baking powder and salt added for example, are made from soft red winter wheat. It is primarily traded by the Chicago Board of Trade. >>>>> 
 
The below link gives a good general overview on U.S. Wheat.
 
 
 
Moving on now, the Minneapolis Spring type recently soared to almost $22.50 per bushel before it put in a temporary top and dropped off several dollars.
As I type this, the current price is trading between 14.00 and 15.00 dollars per bushel.
The Chicago and Kansas Winter types both topped out between 14.00 and 15..00 dollars per bushel before putting in a temporary top and falling back.
They  are both currently trading at between 9.00 and 10.00 dollars per bushel.
 
Although the current price may seem low, and they are in relation to the recent price run-up, they are still at historic all time World prices.
And as the global supply continues to tighten as it is right now,  these prices will move much higher over time.
As I said, there are some grain experts calling for $50.00 wheat prices within 18 to 24 months, and this future move is very real, because global agricultural problems continues to worsen most everywhere.
 
Russia is a traditional buyer of the Kansas City type Wheat.
If they came into the markets as big buyers, which they have been known to do in the past, the KC market will soar to no telling how high, and the Chicago market will move with KC in lockstep.
Also, I keep hearing that the Wheat crop in Australia is a total disaster, and on hand supplies are perilously low.
 
We are now absolutely staring the Tribulation in the face.
If the pre-trib Rapture doctrine is true, then it must be played out  shortly.
If Wheat prices moves to the stated Book of Revelation prices, then the doctrine will have to be considered wrong, and the Rapture will have become a Tribulation event.
These are the days, and there is not a whole lot of wiggle room left for pre-trib..
That's what I think.