Just a note to highlight the nice rallies in new crop canola, barley and feed wheat futures. Weather is the factor. Not a bad time to pick away at some new crop pricing if you haven't done any to date. My strategy remains to price a portion at a time into a rally.
For those of you that aren't willing to do this, my next strategy would be to buy puts to protect a price. For a premium cost, you have locked in floor price with the opportunity to pocket further gains. Volumes are small in options so you have to be prepared to fish a bit.
Others thoughts.
For those of you that aren't willing to do this, my next strategy would be to buy puts to protect a price. For a premium cost, you have locked in floor price with the opportunity to pocket further gains. Volumes are small in options so you have to be prepared to fish a bit.
Others thoughts.