I know if that forecast came true on my wheat when it was heading and flowering the results would not be good!
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If this event sends wheat futures higher, at what price level would you start to lock in some new crop wheat?
What grade? #2-13%, #1-13.5? ...is either riskier than the other given they're in charge of premiums and discounts at the time of delivery.
Maybe the next couple of weeks will be interesting in the N.A. wheat market
.73 CADLast edited by farmaholic; Apr 29, 2017, 22:49.
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There will be fireworks in the markets on Monday, huge short positions in wheat that will have to be dealt with. The wheat crop is heading and it had 2 ft of snow on it in parts of Kansas Oklahoma and Texas as well had freezing temps. Other areas have had up to 12 inches of rain and still coming down. This will be beyond interesting. I would not want to be in a short position.
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Here's just a little more fuel outta S.A. to add to the explosion on Monday.
[URL="http://www.soybeansandcorn.com/news/Apr28_17-Polar-Air-and-Freezing-Temperatures-Sweep-Across-Southern-Brazil"]http://www.soybeansandcorn.com/news/Apr28_17-Polar-Air-and-Freezing-Temperatures-Sweep-Across-Southern-Brazil[/URL]
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