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Is wheat done

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  • Ron
    Senior Member
    • Mar 2001
    • 718

    Is wheat done

    Is wheat going to fall into harvest?

    I have been waiting for a bounce to catch up on my FPC's but it keeps grinding lower. I dont have any faith in the PRO so now I am may lock in under the PRO as even if the PRO holds (doubtful as it always seems to rise VERY slowly but drop instantly) I will still have my cash up front.

    Anybody buying call options in Kansas/Minni wheat to cover earlierFPC's?

    If there are planting delays in the US it will impact corn and beans but rain makes grain for the winter wheat crop?
  • furrowtickler
    Senior Member
    • Dec 2004
    • 21858

    #2
    I would wait until monday - tuesday to see how cold it gets in the winter wheat area, jmo.

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    • parsley
      Senior Member
      • Oct 2000
      • 10986

      #3
      I think there will be one more rally.

      Parsley

      Comment

      • Jay-mo
        Senior Member
        • Jan 2007
        • 730

        #4
        Conditions are aligning for drought in the mid-west.

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