SPE Anyone Taking it?

[vvalk]

We are only $30 away from guaranteeing $12.67
a bus. For a cost of less then 1 bus per acre
doesn't seem too bad. It's definitely not. No
brainer which makes it really tough to decide

[vvalk]

Should say $519.50 averge futures is the trigger
for the month of October.

[errolanderson]

Charlie . . . we traded December Minneapolis spring wheat $7.50 puts today for 20 cents/bu today. This the first time we have traded Minneapolis which is an illiguid market. But for price protection these puts will work bigtime (if wheat prices continue to drop) or expire worthless if wheat rebounds through the summer/fall.

another alternative for wheat price protection.

[charliep]

Errol

Deadline has passed SPE so options strategies are
now the way to go. I think owning a selection of puts
to hedge a minimum price or calls to replace crop you
have sold/a lottery ticket for potential weather based
rallies this summer. Some challenges short but I
think it is good summer in the markets. Not really
bullish but I think prices will stay profitable.