Wheat sales

[charliep]

thanks for the compliment boarderbroke by the way. Hate to be the one who always ends posts but seems to the way. Except with Parsley.

Everybody wants a buck a bushel more by calling the market. my experience is getting a buck a bushel is possible but more likely doing a bunch of things right - not the magic bullet.

Apologize for a sports analogy but why I think market analysis and curling are similar. Call a shot with a plan. Be prepared to call sweeping. Be alert as a skip and prepared to change. Take the consequences if things go really bad. Celebrate success. Always another end/shot.

[VK58]

Thanks Charlie, been discussing this issue over the breakfast table with my ag economist son. Our back of the envelope math indicates a need for a $1.50-$1.75 increase in Minneapolis spring wheat futures over the last 40% of projected sales. This doesn't however account for premiums or discounts for protein levels compared to the base grade.
At present it looks wise to lock in the spread on lower pro/grade, possibly leave the higher protein and grade wheat in the pool

[charliep]

That would be my strategy.