This months pro is on the 16th a week earlier than usual because of Christmas. For those that have feed wheat what are their strategies and thoughts we have seen a pretty steady move up in futures since the last pro. However on the flip side the reason for the move up in large part has been due to weather issues in Australia increasing feed wheat numbers. And yes the CWB sucks/is great etc but based on the here and now whats anyone thinking. Grab the 200 % pro ? |Sit and wait? take an FPC and pray to god they can get delivery before the next interim and basis adjustment?
Domestic feed market has risen also over the past month. Dollar is roughly where it was last month isn't it.
We still have unpriced uncontracted feed wheat and the thought is the pro will increase slightly but the discounts will too but will they widen past the values we have today is the question. I think the wild card right now is US winter wheat production going forward with the issues going on there.
Domestic feed market has risen also over the past month. Dollar is roughly where it was last month isn't it.
We still have unpriced uncontracted feed wheat and the thought is the pro will increase slightly but the discounts will too but will they widen past the values we have today is the question. I think the wild card right now is US winter wheat production going forward with the issues going on there.
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