We have $4/bushel new crop corn futures prices - have to go to December 2008 but interesting reasonable carry right through new crop futures.
We have had $10/bushel soybean futures prices (have to look at the July 2008 contract). A small inverse into new crop.
Soyoil is above 40 cents/pound in all contracts except the nearby.
WCE canola has almost full carry in all old crop contracts. Can pick your delivery month/basis in a way that best fits your cash flow (assuming dry going into the bin). Would move other crops (including using CWB producer pricing options) to generate fall cash flow.
Won't talk about wheat or barley. Would drag in politics versus markets.
We have had $10/bushel soybean futures prices (have to look at the July 2008 contract). A small inverse into new crop.
Soyoil is above 40 cents/pound in all contracts except the nearby.
WCE canola has almost full carry in all old crop contracts. Can pick your delivery month/basis in a way that best fits your cash flow (assuming dry going into the bin). Would move other crops (including using CWB producer pricing options) to generate fall cash flow.
Won't talk about wheat or barley. Would drag in politics versus markets.